Monday, May 21, 2018
Business

University Collection shopping center in Tampa bought for $18.4 million

The University Collection, a 107,198-square-foot retail center along Fowler Avenue in Tampa, has sold for $18.4 million.

The sale, which closed on May 24, did not include the Sweetbay Supermarket that anchors the site.

Built in 1984, the shopping center is about 80 percent leased with retail and restaurant tenants that include Dollar Tree, Pet Supermarket, Chili's, Tijuana Flats, Five Guys Burgers and Fries, Firehouse Subs, Jason's Deli, Mattress One and FedEx Office.

The buyer was an institutional commercial real estate investment fund managed by Faison, based in Charlotte, N.C. It purchased the site from a joint venture partnership, which paid $23.1 million for the center in 2006, according to Hillsborough County property records.

The Shopping Center Group, a retail real estate advisory company, brokered the deal.

* * *

This article has been revised to reflect the following correction: The center was purchased by an investment fund managed by Faison, a real estate investment company. A different buyer was listed.

Comments
One of Ybor Cityís most historic blocks about to see construction of four-story boutique hotel

One of Ybor Cityís most historic blocks about to see construction of four-story boutique hotel

TAMPA ó Developers are poised to launch construction this week on one of Ybor Cityís biggest new projects in years ó a four-story, $50 million boutique hotel being created by a Chicago company that seeks out neighborhoods rich in color and character....
Updated: 19 minutes ago
Shoppers begin Publix boycott as chain continues supporting Adam Putnam for governor

Shoppers begin Publix boycott as chain continues supporting Adam Putnam for governor

Publix has been Floridaís favorite grocery chain for decades ó but some shoppers are turning their backs on the store after learning it donated more than half a million dollars to gubernatorial candidate Adam Putnam. A handful of state advocacy group...
Updated: 2 hours ago
GasBuddy predicts plunge in summer travel, blames gas prices

GasBuddy predicts plunge in summer travel, blames gas prices

At least one gas price tracker expects rising fuel prices to sharply curtail summer travel. "For all those that have said summer travel will be unaffected by high gas prices, we offer thousands of respondents who have strongly indicated thatís not tr...
Updated: 2 hours ago
FPL parent wants to expand its Florida footprint with new purchase

FPL parent wants to expand its Florida footprint with new purchase

TALLAHASSEE ó The parent company of Florida utility giant Florida Power & Light announced Monday that it will buy the largest electricity producer in Northwest Florida, Gulf Power, in a $6.4 billion deal.Juno Beach-based NextEra Energy Inc. said in a...
Updated: 4 hours ago
Barack and Michelle Obama are becoming television and film producers for Netflix

Barack and Michelle Obama are becoming television and film producers for Netflix

Netflix announced a production deal Monday with Barack and Michelle Obama that will see the former first couple create a wide range of content for the streaming service.The deal, talks for which had first been reported in March, will encompass a wide...
Updated: 6 hours ago
Starbucks: You donít have to buy coffee to sit in our cafes or use our restrooms

Starbucks: You donít have to buy coffee to sit in our cafes or use our restrooms

Starbucks is now allowing people to use its restrooms and sit in its cafes and patios even if they do not buy anything.The coffee giant on Saturday announced its new policy, which says that customers, including those who did not make a purchase, can ...
Updated: 11 hours ago

Hernando Business Digest for May 25

Business digestBrieflyHOSPITAL UPGRADES SURGICAL SYSTEM: Oak Hill Hospital recently acquired the latest da Vinci Xi Surgical System, which has broader capabilities than prior generations of the system. The new system is designed with the goal of furt...
Published: 05/21/18
Camping without the hassle: New service rents you all the gear you need, plus the car

Camping without the hassle: New service rents you all the gear you need, plus the car

One day in April, I returned from a camping trip - a quick 24 out of the city - and ran a load of laundry. Whatís more telling is what I didnít do.I didnít hose down a muddy tent, I didnít soak a shoddily cleaned pot, and I categorically did not empt...
Published: 05/19/18
Romano: Save your money, sports betting wonít be in Florida anytime soon

Romano: Save your money, sports betting wonít be in Florida anytime soon

It is the middle of the day and the beginning of the off-season at Tampa Bay Downs. That means the action is limited to simulcast wagering, and that means the televisions outnumber the bettors.The parimutuel industry is long past its heyday in Americ...
Published: 05/19/18
Son of Crabby Billís founder leaves complex legacy of troubled projects and good deeds

Son of Crabby Billís founder leaves complex legacy of troubled projects and good deeds

SOUTH PASADENA ó Like his father, who founded the Crabby Billís seafood restaurant chain, John Loder Sr. had a larger-than-life personality. That was one reason he dived into the real estate business, becoming a well-known, if at times controversial ...
Updated: 9 hours ago