Fowler Plaza South, a shopping center in Tampa’s Uptown neighborhood, recently sold for $12.6 million. The buyer, a local investor whose name has not been released, has not been updated in Hillsborough County records to reflect the sale.
Plaza Advisors represented the seller, SJS Realty Management, a Cherry Hill, New Jersey-based company that purchased the property in 2000.
Fowler Plaza South has 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 from Squirrel, an ongoing mixed-use redevelopment project at University Mall.
“This asset has attracted significant investor interest, particularly from local groups who recognize the positive long-term outlook for the Fowler Avenue corridor and the Tampa Bay market as a whole,” said Jeff, vice president and senior partner at Plaza Advisors. Berkeschuk said in a statement. “Fowler Plaza South is attractive for a number of reasons, including its prime location near the University of South Florida, strong local cash flow and upside potential.”
Plaza Advisors is a retail shopping center investment brokerage firm specializing in retail real estate dispositions throughout Florida. Plaza Advisors’ clients include private equity investors, developers, and major institutions such as fund advisors, servicing agents, life insurance companies, REITs, and money center banks.
