Shoppes of Southbay

Location: Riverview, FL
Type: Retail
Price: $ 12,450,000

Starwood Mortgage Capital has provided a $12,450,000 ten-year first mortgage to finance the acquisition of the Shoppes of Southbay, a single level, 100% occupied neighborhood shopping center which was originally constructed in 2007 that is anchored by Sweetbay Supermarket and totals 99,542 SF. The Property is strategically located at the intersection of U.S. 301, a major north-south thoroughfare serving the MSA and retail corridor, and Big Bend Road, a major east-west arterial serving the Subject’s trade area. This Sweetbay location is one of two flagship locations serving the Brandon / Hillsborough County trade area. Approximately 50% of the Property’s 48,505 SF of in-line retail space features retailers with a national presence including Buffalo Wild Wings, Panera Bread, AT&T, GNC, Weight Watchers, H&R Block, Little Caesar’s Pizza, Leslie’s Poolmart, and Great Clips.