PLAZA ADVISORS ANNOUNCES THE SALE OF FOWLER PLAZA SOUTH IN TAMPA, FLORIDA

October 1, 2024

Plaza Advisors is pleased to announce the sale of the Fowler Plaza South shopping center in Tampa, Florida. The center sold for $12.6 million to a local investor who is active in the Tampa Bay market. The Plaza Advisors team led by Jim Michalak and Jeff Berkezchuk represented the seller, SJS Realty Management.

Fowler Plaza South includes 57,093 square feet of retail space and was 97% occupied at the time of sale, with notable tenants including Dollar General, Champs, AT&T, Jimmy John’s, Foot Locker and Amscot. The property is located less than a half mile west of the University of South Florida and across the street from Rithm, the ongoing mixed-use redevelopment project of the former University Mall.

“The asset attracted significant investor interest, specifically from local groups who recognize the positive long-term outlook of the Fowler Avenue corridor and Tampa Bay market as a whole,” Berkezchuk said. “Fowler Plaza South is compelling for a variety of reasons including its prime location near the University of South Florida, strong in-place cash flow and upside potential.”

Plaza Advisors is a retail shopping center investment brokerage firm that specializes in the disposition of retail properties throughout the state of Florida. Plaza Advisors’ clients include private equity investors, developers, and major institutions including fund advisors, servicing agents, life insurance companies, REITs, and money center banks.