{"id":1004213403,"date":"2018-03-26T00:53:50","date_gmt":"2018-03-26T08:53:50","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004213403"},"modified":"2022-12-08T17:13:03","modified_gmt":"2022-12-09T01:13:03","slug":"clover-acquires-fl-retail-asset-selects-new-management","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/clover-acquires-fl-retail-asset-selects-new-management\/","title":{"rendered":"Clover Acquires FL Retail Asset, Selects New Management"},"content":{"rendered":"<p>By Jeff Hamann<\/p>\n<div id=\"attachment_1004213409\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/03\/Palms-Plaza.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004213409\" data-attachment-id=\"1004213409\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/clover-acquires-fl-retail-asset-selects-new-management\/commonwealth-commercial-partners-palms-plaza\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/03\/Palms-Plaza.jpg\" data-orig-size=\"800,620\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;Commonwealth Commercial Partner&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;Palms Plaza (PRNewsfoto\/Commonwealth Commercial Partner)&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;This image must be used within the context of the news release it accompanied. Request permission from issuer for other uses.&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;Commonwealth Commercial Partners - Palms Plaza&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"Palms Plaza in Tampa, Fla.\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Palms Plaza in Tampa, Fla.&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/03\/Palms-Plaza.jpg?w=800\" class=\"wp-image-1004213409 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/03\/Palms-Plaza.jpg\" alt=\"\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/03\/Palms-Plaza.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/03\/Palms-Plaza.jpg?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/03\/Palms-Plaza.jpg?resize=768,595 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004213409\" class=\"wp-caption-text\">Palms Plaza in Tampa, Fla.<\/p><\/div>\n<p>Clover Investment Properties has purchased Palms Plaza, a 33,000-square-foot strip mall in Tampa, Fla. The seller, a private investor which owned the property for 35 years, traded the asset for $1.8 million, according to Hillsborough County records. The new owner has chosen Commonwealth Commercial Partners to handle management of the property.<\/p>\n<p>Located at 1155 S. Dale Mabry Highway, the <a href=\"https:\/\/www.commercialsearch.com\/news\/treis-closes-sale-of-tampa-retail-assets\/\">Tampa retail asset<\/a> sits at the corner of Florida Route 600 and Henderson Boulevard, within five miles of both the city\u2019s downtown and international airport. The asset is fully leased to a wide mix of local and national tenants, including BayCare Urgent Care, H&amp;R Block, Heavenly Nails and Performance Computer Group. Commonwealth Commercial and Clover intend to renovate the building.<\/p>\n<p><em>\u201cThe South Dale Mabry corridor has seen a significant amount of new investment and project renovations during this cycle,\u201d<\/em> said Scott Holman, managing director of Commonwealth Commercial\u2019s Tampa office, in a prepared statement. <em>\u201cThis project has been a mainstay in the South Tampa market and we look forward to bringing our pro-active property management approach to this project.\u201d<\/em><\/p>\n<p><em>Image courtesy of Clover Investment Properties<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The retail center in Tampa\u2019s south end, which encompasses more than 30,000 square feet, is fully leased to a wide range of tenants.<\/p>\n","protected":false},"author":861,"featured_media":1004213409,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21783,21742,21785,21749,1612],"tags":[36351,33265],"class_list":["post-1004213403","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-investment","category-latest","category-property-management","category-retail","category-tampa","tag-capital-improvement","tag-commonwealth-commercial-partners"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - 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