Aug 28, 2023

European Equities brokers the acquisition of Park Avenue Plaza for a reported $9.43 million

Tampa, FL (August 28, 2023) – European Equities Corp. brokers have completed the acquisition of Park Avenue Plaza. Broker Chris Niewiarowski represented the buyer, CenterSquare Investment Management, for the transaction. The one-of-a-kind shopping plaza was purchased for $9.43 million.

“This is an exciting acquisition for CenterSquare Investment Management,” said Niewiarowski. “The property is an unrivaled shopping plaza located off Tampa road that is well-positioned for future growth. We are thrilled to have completed this transaction on behalf of our client.”

Park Avenue Plaza is a two-building 36,000 square foot retail center featuring a mix of local and national tenants including Buffalo Wild Wings and Beachwood Seafood Kitchen & Bar. The property is situated along Tampa Road, a major thoroughfare in the area which sees an average of 57,500 vehicles per day.

CenterSquare has several planned upgrades to improve the property, including a fresh paint scheme, roof replacement, and a new pylon sign.

Chris Niewiarowski, broker at European Equities Corporation, represented the buyer for the transaction.