NEW PORT RICHEY, FL—The Pasco Square Shopping Center has been sold by Phillips Edison and Co. to Isram Acquisition Corp. The 135,421-square-foot shopping center was 90% leased at the time of the sale.
The deal was announced by Plaza Advisors. No financial terms of the transaction were released. Jim Michalak, Mike Cvetetic and Nick Castellano of Plaza Advisors represented the seller in the transaction. No other brokers were involved in the sale.
Major tenants at the property include Beall's Outlet, Dollar General Market, Badcock Home Furnishings and Dollar Tree. Other notable tenants include: GNC, Radio Shack, The UPS Store and Subway.
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John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
