ShopOne and its JV Partners Expand Portfolio In Florida, Acquiring Two Value-Add Grocery-Anchored Shopping Centers

By Mike Bonts, Editor NEW YORK- ShopOne Centers REIT Inc . (“ShopOne”), together with its joint venture partners Pantheon and a leading global institutional investor, today announced the acquisition of two grocery-anchored shopping centers in Florida: Midway Plaza in Miami-Fort Lauderdale and Lithia Square in Tampa. The properties were acquired in two independent transactions, and bring the number of grocery-anchored, necessity-based shopping centers in the JV’s Florida portfolio to four. The 218,400 square-foot, 84% occupied Midway Plaza is anchored by Publix and is located in Tamarac, Broward County’s third most populous community. The center serves a densely populated trade area with an estimated 85,000 and 187,000 people residing within a two- and three-mile radius, respectively. Midway Plaza will also benefit from its proximity to multiple new residential developments, including over 1,600 units planned or under construction. The property’s anchor tenants – Publi...