CB Richard Ellis & Prudential Real Estate Investors Announce The Sales Of Sweetbay Shopping Center in Tampa, Fla.
TAMPA, FL – November 20, 2009 – CB Richard Ellis (CBRE), the world’s leading commercial real estate services provider, and Prudential Real Estate Investors announce the sale of Sweetbay Shopping Center, a neighborhood shopping center located at the intersection of North Dale Mabry Highway and Beach Street in Tampa, Fla. The property was acquired by S-O Sweet FL Retail I LLC.
The CBRE Florida National Retail Investment Group exclusively represented the seller, which was a fund advised by Prudential Real Estate Investors. The buyer, S-O Sweet FL Retail, is a private investor based in Ohio.
“Sweetbay Shopping Center is extremely well located and has a history of successful operations since it opened in 2003,” said Casey Rosen, senior vice president for CBRE. “The buyer was interested in a stable low-risk investment involving high quality real estate and this property met that criteria.”
Anchored by a 46,147-sq. ft. Sweetbay grocery store, the 56,097-sq.-ft. shopping center features national and regional tenants including Moe’s Southwest Grill, Smoothie King, GameStop and Quiznos. The property is strategically located on the “going home” side of North Dale Mabry Highway, a primary route to and from the affluent neighborhoods of north Tampa.
For more information about the CBRE Florida National Retail Investment Group, please visit: www.cbre.com/ipflorida-retail
About CB Richard Ellis
CB Richard Ellis Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services firm (in terms of 2008 revenue). The Company has approximately 30,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 300 offices (excluding affiliates) worldwide. CB Richard Ellis offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. CB Richard Ellis has been named a BusinessWeek 50 “best in class” company three years in a row and a Fortune 100 fastest growing company two years in a row. Please visit our Web site at www.cbre.com
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