TAMPA, FL—Tampa Festival Centre, a 141,628-square-foot, grocery-anchored shopping center in northeast Tampa, has a new owner. Forge Capital Partners sold the retail asset to Wheeler Real Estate Investment Trust for $11.85 million.
HFF marketed the property on behalf of the seller. HFF director Luis Castillo and senior managing director Danny Finkle led the team.
“The high-volume anchor and strong national tenant line-up position Tampa Festival Centre as the dominant grocery-anchored property in the submarket and will ensure its long-term success for its new owner,” Castillo tells GlobeSt.com. The center is 95.6% leased.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
