Saglo acquires Florida & Waters Shopping Center in Tampa, FL (July 2015)
July 22, 2015
Saglo continues to invest in the Greater Tampa market by acquiring Florida & Waters Shopping Center located on the Southwest corner of Florida Avenue and Waters Avenue. The property contains 159,120 SF, was originally constructed in 1969 and was renovated in 2008. Tenants include Save-A-Lot, Citi Trends, CAC Medical Centers, Elegant Beauty Supplies, Wendy’s and Dunkin Donuts. The property is 88% leased with 19,222 SF available for lease.
The population count of approx. 124,000 people living within 3 miles of the property and the proximity to I-275 as well as Downtown Tampa attracted Saglo to this asset. Other positive attributes include the excellent visibility and access from Florida Avenue and Waters Avenue, with combined traffic counts in excess of 55,000 vehicles per day.
The center is in close proximity to Busch Gardens, Adventure Island, Tampa’s Lowry Park Zoo, and University of South Florida.
Saglo currently owns a 950,000 SF portfolio of shopping centers throughout Florida with 365,000 SF located in the Greater Tampa Market. Saglo is actively seeking additional assets to acquire in Florida. For additional information please visit: www.saglo.com