Blog Archives

Marketplace Shopping Center Trades for $19.2 Million

Real estate investment trust Regency Centers sold the Marketplace Shopping Center in St. Petersburg, Florida, to East Gate Alliance for $ 19.2 million, or about $ 213 per square foot. East Gate Alliance, a family investment firm based out of New Jersey, also secured an $ 11.9 million acquisition loan from TD Bank. Located off […]

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Mainstream America Sells Mainstream Station Shopping Center

Nicklaus of Florida, Inc. acquired the Mainstream Station shopping center at 5226-5250 4th St. N in St. Petersburg, FL for almost $ 7.2 million, or about $ 468 per square foot, from Mainstream America, Inc. The 15,368-square-foot retail strip delivered in 2008 on 1.7 acres in the South Pinellas submarket. Melissa Rutland of Rutland Florida […]

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Publix Supermarkets Pays $23M for Ovation Shopping Center

Publix Supermarkets acquired the Ovation Shopping Center in Davenport, FL from Armstrong Reunion LLC for $ 23.35 million, or about $ 241 per square foot. The Ovation Shopping Center delivered in 2008 at 7700 Osceola Polk Line Rd. and is situated in the Polk County submarket. The transaction totals 96,750 square feet. The Ovation Shopping […]

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Shopping Center Owners Get Shot in the Arm from Urgent-Care Clinics

Urgent care clinics have become one of the fastest-growing segments of the medical-care industry, and more are showing up in neighborhood retail centers, providing a boost to flagging occupancy levels. While they may not be a cure to what ails the shopping center industry, they are offering some relief. The urgent-care sector is a highly […]

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Fairway Investments Sells River Walk Shopping Center

Fairway Investments sold the River Walk Shopping Center at 11322 – 11454 Ridge Rd. in New Port Richey, FL for $ 10.35 million, or about $ 150 per square foot, to FL Equities LLC. The 69,083-square-foot retail strip was constructed in 2005 on 9.2 acres in the Pasco County submarket. It is anchored by Publix […]

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