{"id":1004051714,"date":"2012-06-29T21:41:59","date_gmt":"2012-06-30T05:41:59","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=54548"},"modified":"2022-12-06T19:59:51","modified_gmt":"2022-12-07T03:59:51","slug":"grocery-anchored-shopping-centers-attract-interest-in-tampa-bay-area","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/grocery-anchored-shopping-centers-attract-interest-in-tampa-bay-area\/","title":{"rendered":"Grocery-Anchored Shopping Centers Attract Interest in Tampa Bay Area"},"content":{"rendered":"<p style=\"text-align: justify\"><em>By Georgiana Mihaila, Associate Editor<\/em><\/p>\n<p style=\"text-align: justify\">TNP Strategic Retail Trust\u2014a public non-traded REIT that invests in grocery- and drug store-anchored retail properties\u2014purchased the Bloomingdale Hills retail center in the Tampa suburb of Riverview for an undisclosed amount.<\/p>\n<p style=\"text-align: justify\">Anchored by Wal-Mart Neighborhood Market, the 78,686-square-foot Bloomingdale Hills is set at the intersection of West Bloomingdale Avenue and Providence Road in Riverview. The property comprises approximately 78,500 square feet of rentable space, as well as a fully improved, undeveloped land parcel.<\/p>\n<p style=\"text-align: justify\">Built in 2002, the center is 100 percent leased to multiple tenants, including St. Joseph\u2019s Children\u2019s Hospital of Tampa. Moreover, anchor tenant Wal-Mart is signed to a 15-year lease and holds a Standard &amp; Poor&#8217;s &#8216;AA&#8217; credit rating as one of the world&#8217;s largest retailers.<\/p>\n<p style=\"text-align: justify\">This is not the sole Tampa Bay-area shopping center to change hands in the past weeks. J.S. Karlton Co. recently acquired the Venice Pines Shopping Center in Venice, Fla., for the reported amount of $10.4 million, free and clear of debt. The 97,000-square-foot Venice Pines Shopping Center is located at 1254 Jacaranda Blvd., at the intersection of Center Road in Venice; the retail center features a Sweetbay Supermarket and serves a residential population of approximately 43,000 within a three-mile radius, with a median household income of $68,700.<a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2012\/06\/Venice-Pines.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-54563 alignleft\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2012\/06\/Venice-Pines.jpg\" alt=\"\" width=\"300\" height=\"179\" \/><\/a><\/p>\n<p style=\"text-align: justify\">Seller Weingarten Realty Investors\u2014a commercial real estate owner, manager and developer\u2014was represented in the transaction by Holliday Fenoglio Fowler L.P.\u2019s senior managing directors Brad Peterson and Doug Hazelbaker.<\/p>\n<p style=\"text-align: justify\">According to Peterson, \u201cThis sale is another example of how the investment market has gotten red-hot for high-quality grocery-anchored centers like Venice Pines Shopping Center. HFF has recently marketed several grocery-anchored centers in Florida, including those anchored by Publix, Wal-Mart Neighborhood Market, Winn-Dixie and Sweetbay, and the interest level from investors has been exceptionally strong across the board.\u201d<\/p>\n<p style=\"text-align: justify\"><em>Image via Weingarten Realty Investors official website<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>TNP Strategic Retail Trust&mdash;a public non-traded REIT that invests in grocery- and drug store-anchored retail properties&mdash;purchased the Bloomingdale Hills retail center in the Tampa suburb of Riverview for an undisclosed amount.<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21742,1612],"tags":[1815],"class_list":["post-1004051714","post","type-post","status-publish","format-standard","hentry","category-latest","category-tampa","tag-national"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - 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