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Florida & Gulf Coast  + Central Florida  + Retail  |  June 19, 2019
David Cohen
By: David Cohen

HFF Arranges Sale of 129K-SF Publix-Anchored Shopping Center in St. Petersburg

HFF brokered the sale of Disston Plaza, a 129,150-square-foot, Publix-anchored shopping center in St. Petersburg. The sales price was not disclosed.

Built in 1954 and renovated in 2018, Disston Plaza is currently 97% leased with a tenant roster that consists of Bealls Outlet, Dollar Tree, Suncoast Resale Shoppe, Anytime Fitness, Subway, Little Italy, Great Clips and Greenberg Dental. The center is located on more than 12 acres at 3501 49th St. N.

Luis Castillo, Daniel Finkle and Eric Williams of HFF represented the seller, Forge Capital Partners, in the transaction. The buyer was New Market Properties, a wholly-owned indirect subsidiary of Preferred Apartment Communities. Additionally, Ed Coco, Matt Casey, Greg Gaughan, Maxx Carney and Libby Malloy of HFF secured acquisition financing on behalf of the buyer through an undisclosed lender.

For comments, questions or concerns, please contact David Cohen

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About David Cohen

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.
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