Plaza Advisors Announces Sale of Shoppes at Golden Acres in the Tampa Bay MSA

 

Shoppes at Golden Acres,a 130,707 square foot retail plaza
on Little Road and Fox Hollow Roadin New Port Richey, FL

NEW PORT RICHEY, FL -- Plaza Advisors is pleased to announce the sale of the Shoppes at Golden Acres. The 130,707 square foot retail plaza is located on Little Road and Fox Hollow Road in New Port Richey, with a combined traffic count of 55,500 vehicles daily.

 

Jim Michalak 

The Shoppes at Golden Acres tenant roster includes: Publix, Rent-A-Center, Edward Jones, and Amscot and is in close proximity to several national retailers including Home Depot, Lowe's, and Kohl’s.

The joint venture seller included SITE Centers Corp. (NYSE: SITC), and Madison International Realty. The Buyer was an undisclosed joint venture. 

Jim Michalak and Keith Nurre of Plaza Advisors represented the seller and were the sole brokers involved in the transaction.

 “Demand for Florida grocery anchored asset is at an extremely high level. However, the amount of available centers is very low” 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

 www.plazadvisors.com

3412 Bay To Bay Boulevard

Tampa, FL 33629

813.837.1300 Ext. 1

Fax 831.2627

jim.michalak@plazadvisors.com

 

 

Magma Equities purchases Richmond Hills, a 1970s vintage apartment community for value-add in Raleigh, NC

Sarah Godwin

CHARLOTTE, NC – JLL Capital Markets announced it closed a $6.2 million sale of 51 existing multi-housing units in the Richmond Hills multi-housing community located at 2251 Charles Dr. in Raleigh, North Carolina.

 JLL represented the seller, EYC Companies, LLC, to complete the sale to the buyer, Magma Equities.

 The community will undergo a renovation with updated countertops and kitchen cabinets, pool revitalization, and exterior renovations in the next year.

Sitting on 5.19 acres, the existing 51-unit apartment property is also entitled for up to 330 units of multi-housing for a potential future redevelopment.

 The infill property is also just a half a mile from I-440/Raleigh Beltline and 3.5 miles from I-40, allowing direct access to key employment and entertainment hubs like North Hills and Downtown Raleigh.

 Additionally, the property is located across the street from Crabtree Valley Mall, which offers over 150 national retail options.

 The JLL Capital Markets team representing the seller was led by Director Sarah Godwin.

For more news, videos and research resources on JLL, please visit our newsroom.

 CONTACT:

Natalie Passarelli

JLL Senior Associate

 Public Relations

Phone: +1 224 477 7307

Email:  Natalie.Passarelli@am.jll.com

http://www.magmaequities.com

www.eyccompanies.com

jll.com.

 

Hold-Thyssen Completes Multi-Year Lease Agreement at Enterprise Plaza in Orange City, FL

 

Darby Hold

ORANGE CITY, FL --- Hold-Thyssen, Inc., a full service commercial property firm based in Winter Park , which leases and manages Enterprise Plaza in Orange City ,  recently closed on a five-year lease with Salon Centric, distributor of salon professional products at the center located at 2499 Enterprise Rd.  

 Darby Hold, Senior Director at Hold-Thyssen, negotiated the long-term lease on behalf of the Michigan-based landlord, Florida Premier-Enterprise LLC.   

 Enterprise Plaza, Orange City, FL

Salon Centric, a high-credit tenant with over 565 stores throughout the country, has been well-established in the area for more than 18 years and will continue to provide their products and services there. 

Enterprise Plaza is currently 92 percent leased.   

 Hold-Thyssen, Inc. provides commercial property brokerage and leasing and management services to institutional and private investor clients nationwide.  The 40-year old firm’s current portfolio includes more that 100 commercial properties throughout the United States .

CONTACTS:

Anthony Fisher, Vice President, Hold-Thyssen Real Estate Services, 

407-691-0505, afisher@HoldThyssen.com

 Robert P. Hold, Principal, Hold-Thyssen, Inc. 

407-691-0505, bhold@HoldThyssen.com

 Beth Payan, Larry Vershel Communications Inc. 407-644-4142 or 407-461-3781 beth@larryvershel.com