Tuesday, April 19, 2011

Plaza Advisors Announces Sale of Northwood Plaza in Clearwater, FL

 CLEARWATER, FL, April 19, 2011---Plaza Advisors is pleased to announce the sale of Northwood Plaza (top left photo) in Clearwater, Florida.

 The shopping center is situated at the intersection of McMullen Booth Road and Enterprise Road and totals 200,000 square feet of gross leasable area.

The major tenants include; Publix, Stein Mart, CVS, Talbots, Anthony’s Coal Fired Pizza and Starbucks. The asset was constructed in 1980.  The property was 91% leased at the time of sale.

The sale of the Northwood Plaza marks the fourth Publix anchored center sold by Plaza Advisors over the past eight months and the fifteenth retail transaction over the past 24 months.

Plaza Advisors represented the seller in the transaction and co-managing partners Jim Michalak (middle right photo) and Anthony Blanco (middle left photo), together with Senior Financial Analyst, Lenard Williams (lower right photo) were involved in the engagement. The seller and buyer were Northwood Plaza, LLC and AEW Capital Management L.P., respectively. 

Plaza Advisors is a real estate brokerage firm that specializes in the disposition of retail properties in the southeastern United States. The firm has offices in Tampa and Miami. 

 Plaza Advisors’ clients include private equity investors, developers, and major institutions including fund advisors, servicing agents, life insurance companies, REITs, and money center banks. 

Co-managing partners Jim Michalak and Anthony Blanco have a combined 40 years investment brokerage experience. The duo has closed over 146 shopping center transactions, with a combined GLA exceeding 16 million square feet with an aggregate sales volume in excess of $2.5 billion.

Tampa Office                                                 Miami Office                                     

Jim Michalak                                               Anthony Blanco                                            
3412 Bay to Bay Boulevard                      5201 Blue Lagoon Drive, Suite 846
Tampa, FL 33629                                       Miami, FL 33126
OFFICE: 813-837-1300                             OFFICE: 305-629-3606
FAX: 813-831-2627                                    FAX: 305-647-6441


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