TEMPLE TERRACE, FL – Terrace Ridge Plaza, a 66,527 square-foot Publix-anchored Shopping Center, was built in 1987 and is currently in the renewal periods of the initial anchor lease. Terrace Ridge was a highly desired asset due to its anchor sales volume, proximity to the University of South Florida and its limited exposure to shop space; having less than twelve-thousand total square-feet to lease.
Crossman & Company’s Investment Sales Department recently worked alongside the Seller, Centurion Realty of New York, NY to close the deal. The property is 12 miles North of Downton Tampa and held an occupancy percentage at 97.5%.
About Crossman & Company
Crossman & Company was founded in 1990 and is a regional shopping center brokerage firm which represents over 200 shopping centers in Florida, Georgia, Alabama, Tennessee, South Carolina and North Carolina. For more information, visit the company’s website: www.crossmanco.com