Thursday, September 30, 2010

Plaza Advisors Announces the Sale of Northside Centre in Miami, FL

MIAMI, FL--Plaza Advisors is pleased to announce the sale of Northside Centre (top left photo)  in Miami, Florida for $18,000,000.

This shopping center is situated at the intersection of NW 27th Avenue and NW 79th Street in unincorporated Miami-Dade County.

 Northside Centre totals 475,579 square feet of gross leasable area and features a long list of prominent tenants including Walgreens, Presidente Supermarket, Payless Shoes, Citibank, Foot Locker, Rainbow Fashions, CitiTrends, Simply Fashions and Dots.

 Northside Centre was built in 1960 and renovated in 2005.  The property was 80% leased at the time of sale.

 Plaza Advisors exclusively represented an entity affiliated with Urban America in the transaction and co-managing partners Anthony Blanco and Jim Michalak, together with Senior Financial Analyst, Lenard Williams were involved in the engagement.

The buyer was represented by Gene Snyder & Company out of North Miami.

 This sale marks the third shopping center sale by Plaza Advisors in Miami in 2010.

Miami office:  Anthony Blanco, 305-629-3606; fax 647-6441, 

Tampa office:  Jim Michalak, 813-837-1300, fax 813-831-2627,                          

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