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| Vine Street Square Shopping Center, Kissimmee, FL |
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| Jim Michalak |
TAMPA,
FL -- Plaza Advisors is pleased to announce the sale of the Vine Street
Square shopping center in Kissimmee, Florida.
The
114,071 sf plaza is anchored by a Walmart Neighborhood Market, Office Max, and
Dollar Tree. Other significant tenants include: Humana, CAC FL Medical Centers,
Mattress One, Cosmo Prof, Domino’s Pizza, H&R Block and MetroPCS.
The asset
was 99% occupied at the time of sale.
The
seller was Cincinnati based Phillips Edison & Company. An undisclosed
private equity group was the purchaser.
Jim Michalak and Keith Nurre,
senior analyst, represented the seller. Plaza Advisors was the sole broker
involved in the transaction.
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| Keith Nurre |
“The various economic dynamics of Florida, including strong population growth, a thriving economy and relocating retirees, continue to drive investment demand and provide a “safe haven” for capital placement by both domestic and foreign investors”.
Plaza
Advisors is a real estate brokerage firm that specializes in the disposition of
retail properties throughout the Southeastern United States.
Plaza Advisors’ clients include private equity investors, developers, and major institutions including fund advisors, servicing agents, life insurance companies, REITs, and money center banks.
Plaza Advisors’ clients include private equity investors, developers, and major institutions including fund advisors, servicing agents, life insurance companies, REITs, and money center banks.
Contact:
Jim
Michalak
Managing
Partner
Plaza
Advisors
3412
Bay To Bay Boulevard
Tampa,
FL 33629
813.837.1300
Ext. 1
Fax
831.2627
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