HFF Announces Sale of Single-tenant Whole Foods Market in Tampa, Florida

10/9/17

Holliday Fenoglio Fowler, L.P. (HFF) announces the sale of a 36,900-square-foot, single-tenant building occupied by Whole Foods Market in the affluent Carrollwood community of Tampa, Florida.

The HFF team marketed the property on behalf of the seller, Weingarten Realty Investors.

Completed in 2012, the building is 100 percent leased to Whole Foods Market, the world’s leading natural and organic foods supermarket. The property is situated on 6.33 acres at the southwest corner of the intersection of Northdale Boulevard and Dale Mabry Highway, one of Tampa’s premier north-south commercial corridors. The building is visible to approximately 80,000 vehicles per day and is one of only three Whole Foods Markets within the entire Tampa-St. Petersburg MSA. More than 72,700 residents earning an average annual household income of $92,355 reside within a three-mile radius of the property.

The HFF team that represented the seller included senior managing director and co-head of HFF’s retail practice Daniel Finkle, managing director Luis Castillo and director Eric Williams.

“This property represented the incredibly rare opportunity to acquire a single-tenant Whole Foods Market under a long-term lease serving one of the most desirable communities in the Tampa MSA,” Williams said. “Amazon’s acquisition of Whole Foods further enhanced the overall investment profile of this asset.”

About Weingarten Realty Investors

Weingarten Realty Investors (NYSE: WRI) is a shopping center owner, manager and developer. At March 31, 2017, the company owned or operated under long-term leases, either directly or through its interest in real estate joint ventures or partnerships, a total of 218 properties which are located in 18 states spanning the country from coast to coast. These properties represent approximately 44.4 million square feet of which our interests in these properties aggregated approximately 28.4 million square feet of leasable area. To learn more about the company’s operations and growth strategies, please visit www.weingarten.com.

About HFF

HFF and its affiliates operate out of 24 offices and are a leading provider of commercial real estate and capital markets services to the global commercial real estate industry. HFF, together with its affiliates, offers clients a fully integrated capital markets platform, including debt placement, investment sales, equity placement, funds marketing, M&A and corporate advisory, loan sales and loan servicing. HFF, HFF Real Estate Limited, HFF Securities L.P. and HFF Securities Limited are owned by HFF, Inc. (NYSE: HF). For more information, please visithfflp.com or follow HFF on Twitter @HFF.

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