Wednesday, June 26, 2019

Plaza Advisors Brokers Sale of 90,328-SF Temple Terrace Plaza in Temple Terrace, FL



Temple Terrace Plaza,Temple Terrace, FL

TAMPA, FL -- Plaza Advisors is pleased to announce the sale of the Temple Terrace Plaza, located in Temple Terrace, Florida.

Jim Michalak
The 90,328 square foot center is anchored by a high sales volume Winn Dixie. Other notable tenants include; the United States Post Office, Greenberg Dental, Sally Beauty, Rainbow, Mariner Finance and Sprint. The asset was 95% occupied at the time of sale.

The seller was a Real Estate Investment Trust. 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.

“Demand for Florida retail product, particularly grocery anchored assets, remains robust," noted Michalak 

“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."

Keith Nurre
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. 




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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