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| 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.
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| 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
