ShopOne Centers REIT, together with its joint venture partners Pantheon and a leading global institutional investor, announced the acquisition of two grocery-anchored shopping centers in Florida: Midway Plaza in Miami–Fort Lauderdale and Lithia Square in Tampa. The properties were acquired in two independent transactions.
“We are very pleased to acquire two grocery-anchored shopping centers in Florida with such strong upside potential,” stated Chris Reed, CEO at ShopOne. “Florida has been and will continue to be among the country’s most popular states for families and transplants alike given its robust job growth, moderate climate and tax-friendly environment. These two assets provide us with a unique opportunity to capitalize on these fundamentals and, by strengthening their underlying performance and merchandising mix, generate significant value for the community and our investors alike.”
The 218,400-square-foot, 84 percent occupied Midway Plaza is anchor
