CLEARWATER, FL-Northwood Plaza, a Publix-anchored shopping center, has sold for an undisclosed amount. The property was 91% leased at the time of sale.
Plaza Advisors Co-Managing Partners Jim Michalak and Anthony Blanco, together with Senior Financial Analyst Lenard Williams, represented the seller, Northwood Plaza. AEW Capital Management acquired the retail asset.
"Northwood Plaza is considered to be one of the best Publix-anchored assets in all of Pinellas County,” Michalak tells GlobeSt.com. “The property's superior location, high traffic count on McMullen Booth Road, demographic profile of the surrounding neighborhoods, and the consistently high occupancy level of the asset are unprecedented.”
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