NEW YORK, April 22, 2014 – Cohen Real Estate (Cohen), a Manhattan-based full-service brokerage firm focused on retail properties throughout the United States, today announced the $5.8 million sale of River Bay Plaza in Riverview, Florida. The sale closed on April 11th.
Located outside Tampa and south of Brandon, Florida in Hillsborough County, the 79,288 square-foot neighborhood shopping center is anchored by Winn Dixie, which recently exercised a lease option. Sales have increased annually since Bi-Lo’s acquisition of the chain. Further draws to the center include Aaron’s signing a new ten year lease and Dollar Tree taking an option.
River Bay Plaza is on the corner of “Main and Main.” The center fronts both US Hwy 301 and Boyette Road, a major thoroughfare with high traffic counts.