TAMPA, FL—Bloomingdale Hills, a 78,442-square-foot neighborhood retail center anchored by a new Wal-Mart Neighborhood Market in Riverview, Fla., has traded for $9.3 million. Riverview is about 12 miles southeast of Downtown Tampa.
HFF represented the seller, Mimms Enterprises. HFF senior managing director Brad Peterson and senior financial analyst Michael Weinberg led the charge. Thompson National Properties purchased the retail property free and clear of debt.
“Wal-Mart currently has 34 Neighborhood Market locations in Florida and they own more than half of their locations, so there are very few opportunities for investors to own a Wal-Mart Neighborhood Market anchored center,” Peterson tells GlobeSt.com. Renovated in 2012, the retail center is 100% leased.
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