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| Market at Southside, a 95,057 square foot retail plaza two miles south of downtown Orlando's Central Business District and the city's medical corridor |
TAMPA,
FL -- Plaza Advisors is pleased to announce the sale of the
Market at
Southside. The 95,057 square foot retail plaza is strategically located in an
affluent trade area two miles south of downtown Orlando's Central Business
District and the city's medical corridor.
Market at Southside was 87% occupied and is situated at the trade areas primary intersection (66,000 traffic count).
The asset is flanked by two shadow grocers; Publix and Walmart Neighborhood Market and includes four major tenants; Ross Dress for Less, K&G Fashion Superstore, Pet Supermarket and Dollar Tree.
SPF Market at Southside, LLC was the seller of the asset. SB Southside, LLC acquired the center.
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| Jim Michalak |
“Demand for Florida retail product is unprecedented. Supply and demand factors are unbalanced resulting in premium pricing” noted Michalak.
“This
offering was pursued by numerous investors due to the vacancy upside and the
potential redevelopment with an attractive zoning, which allows a dense FAR and
the potential to include mid-rise multi-family product”
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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