C&W's Gilbert-Feinstein Team Scores Again

TAMPA, FL-Cushman & Wakefield of Florida Inc. brokers Mark Gilbert and Adam Feinstein have chalked up $320 million of investment sale transactions in Florida over the past 12 months, including seven retail deals valued at over $20 million.

Their latest deal was the $20.3-million sale of the Shoppes of Carrollwood and Colonial Square, both in the affluent Carrollwood section of the metro area. The Miami-based brokers negotiated for Schiff-Turnberry Properties which sold the centers, totaling 153,817 sf, to Fidelity Management Corp., headed by investor Lawrence Mendelson, for $132 per sf, the highest per-sf retail price posted in the Tampa Bay area this year. Seller and buyer are both from Miami.

“Investor interest in the properties was high, given the irreplaceable location and the obvious success of the businesses located in the centers,” says Gilbert, C&W’s senior director of financial services. “Few retail investment transactions in the Tampa Bay area exceed $20 million per year.”