Plaza Advisors Announces the Sale of Riverview Town Centre Located in the Tampa Bay MSA

Jim Michalak

 RIVERVIEW, FL -- Plaza Advisors is pleased to announce the sale of Riverview Town Centre. The 46,002 square foot retail plaza is located in Riverview, Florida. 

The plaza is at the intersection of US 301 and Gibsonton Drive.

 This intersection has a combined daily traffic count exceeding 66,000 vehicles. Riverview Town Centre is shadow anchored by a Lowes home improvement store.

 The property was 93% occupied, at the time of sale, with a tenant roster including:  Amscot, Sport Clips, Dickey’s BBQ, Rent King and Mattress Firm.

 The plaza was newly constructed in 2006 and was sold by the original developer. The Buyer was Riverview Town Centre, LLC a private investor. 

Keith Nurre

 Jim Michalak and Keith Nurre of Plaza Advisors represented the seller. David Spezza of Equity Partners Real Estate, LLC represented the buyer in the transaction.

 “Riverview, a suburb within Southeast Hillsborough County, is one of the fastest growing areas in the Tampa Bay MSA. The five year population growth is projected to exceed 13%” noted Michalak.

 “In 2021 a large portion of US 301 was improved and expanded. Numerous recent developments including; residential planned unit communities, medical facilities and retail assets have been constructed in the Riverview area over the past seven years” Michalak added.

 CONTACT:

 Jim Michalak

Managing Partner

Plaza Advisors

 

3412 Bay To Bay Boulevard

Tampa, FL 33629

813.837.1300 Ext. 1

Fax 831.2627

jim.michalak@plazadvisors.com

 

 www.plazadvisors.com