Tampa, FL – Matthews Real Estate Investment Services™, a commercial real estate investment services and technology firm, closed the $12.35M deal of Imperial Plaza, a grocery-anchored shopping center located at 319 Havendale Blvd, Auburndale, FL. The transaction was completed by Matthews™ Associate Jonah Yulish and Executive Vice President and National Director Ben Snyder.
“This deal represents the increase in the demand for strong, essential-retail anchored centers in core coastal markets,” Yulish said. “These assets continue to outperform their competition and trade at compressed cap rates.”
Matthews™ represented the buyer, after previously working with them during a 1031 Exchange, which led to the disposition of eight National Tire and Battery locations. The Imperial Plaza listing represents the replacement property in the transaction.
“This is a full-circle deal for us,” Snyder said. “We earned the trust of the client by presenting the firm’s features and benefits through prior relationships, won the opportunity to represent him on a large-scale disposition, which ultimately allowed us to find him a perfect exchange property.”
Matthews Real Estate Investments Services™, a commercial real estate investment services and technology firm, holds recognition as an industry leader in investment sales, leasing, and debt and structured finance. Founded in El Segundo, CA, and strategically positioned with over 400 agents and support staff in over 10 offices across the United States, Matthews™ continues to focus on expansion into new markets. For more information, please visit www.matthews.com.
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