Plaza Advisors Brokers Sale of Market at Southside, in Orlando, FL

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.

 

Jim Michalak 

Jim Michalak of Plaza Advisors represented the seller and was the only broker involved in the transaction.

 “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

www.plazadvisors.com

 

3412 Bay To Bay Boulevard

Tampa, FL 33629

813.837.1300 Ext. 1

Fax 831.2627

jim.michalak@plazadvisors.com