A 78,442 sqf grocery anchored shopping center in the Riverview area of Tampa has traded hands for $9.2 million. Phillips Edison Grocery Center REIT II purchased the asset free and clear of existing debt. The Bloomingdale Hills retail center is anchored by a Wal-Mart Neighborhood Market, with other tenants including Great Expressions Dental and a Great Clips. Located on a 12.8 acre site at 10863 West Bloomsdale Avenue, the asset was 95 percent leased at the time of closing. The seller was represented by HFF. ”Bloomingdale Hills was an attractive offering for investors to gain exposure to Wal-Mart’s very strong credit,” Whitaker Leonhardt, associate director HFF said. “With all of the attention received by other grocery-anchored assets, especially in Florida, there is a relatively short supply of shopping center sales with Wal-Mart as a tenant.”
