Plaza Advisors Arranges $19.8 Million Sale of Shopping Center in Tampa

Southtown Center was 97 percent leased at the time of sale to tenants such as Moe’s Southwest Grill, Tropical Smoothie Café, Cold Stone Creamery, Pure Barre, Hair Cuttery and Weight Watchers. Southtown Center was 97 percent leased at the time of sale to tenants such as Moe’s Southwest Grill, Tropical Smoothie Café, Cold Stone Creamery, Pure Barre, Hair Cuttery and Weight Watchers.

Tampa, Fla. — Plaza Advisors has arranged the sale of Southtown Center, a 43,669-square-foot shopping center in Tampa.

Hillsborough County records show the asset sold for $19.8 million, or $452 per square foot. Jim Michalak, Mike Cvetetic and Keith Nurre of Plaza Advisors arranged the transaction on behalf of the seller, a Los Angeles-based investor. An Australian entity acquired Southtown Center, which was 97 percent leased at the time of sale to tenants such as Moe’s Southwest Grill, Tropical Smoothie Café, Cold Stone Creamery, Hair Cuttery, Weight Watchers, Massage Envy, Pure Barre, European Wax Center, Burger Monger, DaVita Dialysis and Century 21.

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