Florida & Gulf Coast CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
Plaza Advisors Arranges Sale of 131K-SF Retail Plaza in New Port Richey
Real estate brokerage firm Plaza Advisors has arranged the sale of the Shoppes at Golden Acres, a 130,707-square-foot retail plaza in New Port Richey, FL. The sales price was not disclosed.
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. Jim Michalak and Keith Nurre of Plaza Advisors represented the seller, a joint venture between SITE Centers Corp. and Madison International Realty. The buyer was an undisclosed joint venture.
“Demand for Florida grocery anchored asset is at an extremely high level. However, the amount of available centers is very low” said Jim Michalak of Plaza Advisors. “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.”
- ◦Sale/Acquisition
