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Florida & Gulf Coast  + South Florida  + Retail  | 
IPA announced the sale of Southwood Shops for $12.1 million

Institutional Property Advisors Brokers Grocery-Anchored Shopping Center Sale for $12.1 Million

Institutional Property Advisors, a division of Marcus & Millichap, announced the sale of Southwood Shops. The 107,697-square-foot Winn-Dixie-anchored shopping center in Bradenton, FL traded for $12.1 million.

“Currently 100-percent occupied, Southwood Shops has been anchored by a successful grocery store for more than 40 years,” said Kirk D. Olson, IPA senior director. Olson, and IPA’s Drew A. Kristol represented the seller, Bradwood Shopping Center Company LTD. Olson and Kristol procured the buyer, Southwood Shops LLC. The buyer is a Miami-based partnership between Heritage Square Pompano Beach LLC and Lake Hills Plaza LLC.

The shopping center was built in 1981 on 15 acres at the intersection of 14th St. and 57th Ave. A nearby First Horizon Bank, Truist Bank and Chevron gas station drive additional traffic to the center. State College of Florida Bradenton, with an enrollment of over 11,000 students, is one mile away.

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About Angela Noote

Angela Noote is a native of Northern California and graduated from Chico State with a degree in public relations. After college she moved to the Central Coast and worked first in ad sales then in editorial, eventually spending more than a decade as a print reporter and editor. She detoured into design work at a printer/publisher, and with a partner eventually opened a boutique full-service marketing agency. Moving into corporate communications, she built and managed several successful marketing teams in the hospitality, financial services, and nonprofit industries. Most recently she was an internal comms manager in the tech sector. After a long stint spent in Georgia (Go Dawgs), she moved to Baton Rouge, LA and has written for clients in the financial, luxury imports, higher ed, commercial cleaning, and medical equipment industries. Her son is a media arts major at the University of South Carolina, and her husband owns a comedy theater in Baton Rouge, where you can often find Angi teaching improv classes, leading corporate training events, or doing an occasional stand up set.

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