TAMPA, FL—Publix-anchored shopping centers are seeing strong demand, but investors are still eying other grocery store-centered retail outlets. A Sweetbay Supermarket-anchored center in Tampa just traded hands.

Forge Real Estate Partners III, LP, a private equity fund jointly managed by Forge Capital Partners and The Sembler Company, purchased the retail property at 2525 N. Dale Mabry Highway from an affiliate of Optimus One, LLC for $11.55 million.

CBRE senior vice president Casey Rosen, along with senior vice president Dennis Carson, represented the owner. Rosen and Carson lead CBRE's National Retail Investment Group team for Florida from Miami.

“The property is a stable, high-quality asset that serves a low-to moderate-income neighborhood and has had a lengthy history of successful operation,” says Rosen. The retail property was offered free and clear from existing financing.

This transaction marks the third time CBRE sold the retail asset. The shopping center is 100% occupied.

Built in 2003, this 56,097-square-foot, class A neighborhood retail center is anchored by a 46,147-square-foot Sweetbay and has a long record of successful operation. The diverse roster of national and regional tenants includes Moe's Southwest Grill, Scottrade, GameStop, and Jimmy John's.  

It is located at the intersection of North Dale Mabry Highway and West Beach Street, about one half mile north of Interstate 275. The immediate trade area is a densely developed infill market featuring a combination of significant residential population, a variety of office, hotel, and commercial properties, and Raymond James Stadium.