Tampa, FL (August 28, 2023) – European Equities Corp. brokers have completed the acquisition of Park Avenue Plaza. Sales agent Chris Niewiarowski was the primary contact with 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, a sales agent at European Equities Corporation, as the primary contact with the buyer for the transaction.