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Tampa Bay Area
Business Observer Friday, Jan. 28, 2011 9 years ago

California investor group buys Trinity Village Center

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A California-based private investment group purchased the 71,990-square-foot Trinity Village Center for $9.4 million.

BUYER: Trinity Tampa Partners LP (70% interest) and Boas Family Partnership (30%), California


SELLER: Jefferson-Pilot Investments Inc.


PROPERTY: 10700-10740 State Road 54, Trinity


PRICE: $9.5 million


LAW FIRM ON DEED: Sivyer Barlow & Watson PA, Tampa


PLANS, DESCRIPTION: A California-based private investment group purchased the 71,990-square-foot Trinity Village Center for $9.4 million.


The price equated to $132 per square foot.


The center features several regional and national tenants, including Crispers, Five Guys Burgers and Fries, Bonefish Grill, AAA Auto Club South and Synovus Bank. Built in 2006 and 2007, the center was 78% occupied when it was sold.


Mark Shellabarger of CB Richard Ellis represented the owner. “The buyers were attracted to the size of the center and the income in place with its current tenants,” Shellabarger says.


Shellabarger says one of the principals of the California investment group previously owned retail centers in Tampa.

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