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| Rendering of Winfield Plaza, Boca Raton, FL |
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| Eric Williams |
MIAMI, FL –– Holliday
Fenoglio Fowler, L.P. (HFF) announces the $13.1 million sale of Winfield
Plaza, a 30,683-square-foot retail strip center located in the affluent
South Florida community of Boca Raton.
The HFF team marketed the property
on behalf of a private seller. A private investor purchased the
asset.
Situated on 2.82 acres at 471-515
Northeast 20th Street and 2001, 2151 and 2181-2201 North Federal Highway,
Winfield Plaza is exposed to more than 45,000 vehicles per day.
\The center is less
than a mile from downtown Boca Raton, which is experiencing an urban
renaissance with a surge in high-density development, and in an affluent area
with almost 32,000 residents within a three-mile radius with an average annual
household income of more than $105,000.
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| Manny de Zarraga |
Winfield Plaza
comprises a strip center and three outparcels that are home to a variety of
well-known tenants within the Boca Raton community, including Osha Thai
Restaurant, Sweet Deals Chocolates, Subway, Sr Burrito, Cannoli Kitchen,
Children’s Dental, Artful Dodger Bar & Grill, Keter Bakery and Cove Shoe
Repair.
The HFF investment advisory team
that represented the seller included directors Eric Williams, executive
managing director Manny de Zárraga, senior managing director Danny
Finkle and managing director Luis Castillo.
“Winfield Plaza represented a rare
opportunity to acquire a well-located retail center in eastern Boca Raton,”
Williams said.
“Winfield Plaza, like many other properties
in East Boca, has been owned by the same landlord for decades, and investors
respond vigorously to the opportunity to acquire similar assets given their
scarcity.”
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| Danny Finkle |
HFF and its affiliates operate out
of 26 offices and are a leading provider of commercial real estate and capital
markets services to the global commercial real estate industry.
HFF, together with its affiliates, offers
clients a fully integrated capital markets platform, including debt placement,
investment advisory, equity placement, funds marketing, M&A and corporate
advisory, loan sales and loan servicing.
HFF, HFF Real Estate Limited, HFF Securities
L.P. and HFF Securities Limited are owned by HFF, Inc. (NYSE: HF).
CONTACTS:
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| Luis Castillo |
ERIC WILLIAMS
FL Lic. #SL3179736
HFF Director
(305) 448-1333
MANUEL
DE ZÁRRAGA
FL
Lic. #BK382434
HFF
Executive Managing Director
(305)
448-1333
DANNY
FINKLE
FL
Lic. #SL3043501
HFF
Senior Managing Director
(305)
448-1333
LUIS CASTILLO
FL Lic. #SL3203377
HFF Managing Director
(305) 448-1333
KIMBERLY STEELE
HFF Digital Content/Public
Relations Specialist
(713) 852-3420
