Shopping center in Tampa’s Uptown district sold

Fowler Plaza South, a shopping center in the Uptown district of Tampa, was recently sold for $12.6 million. The buyer is a local investor who was not named and Hillsborough County records have not been updated to reflect the sale. 

The Plaza Advisors represented the seller, SJS Realty Management, a Cherry Hill, New Jersey-based company that purchased the property in 2000. 

Fowler Plaza South has 57,093 square feet of retail space and was 97% occupied at the time of the sale, with notable tenants including Dollar General, Champs, AT&T, Jimmy John’s, Foot Locker and Amscot. 

The property is located less than a half-mile west of the University of South Florida and across the street from Rithm, the ongoing mixed-use redevelopment project taking place at University Mall.

“The asset attracted significant investor interest, specifically from local groups who recognize the positive long-term outlook of the Fowler Avenue corridor and Tampa Bay market as a whole,” Jeff Berkezchuk, vice president and senior partner of Plaza Advisors says in a statement. “Fowler Plaza South is compelling for a variety of reasons including its prime location near the University of South Florida, strong in-place cash flow and upside potential.”

Plaza Advisors is a retail shopping center investment brokerage firm that specializes in the disposition of retail properties throughout the state of Florida. Plaza Advisors’ clients include private equity investors, developers, and major institutions including fund advisors, servicing agents, life insurance companies, REITs, and money center banks.