Institutional Property Advisors (IPA), a division of Marcus & Millichap, recently brokered the sale of Southwood Shops for $12.1 million. The 107,697-square-foot Winn-Dixie anchored shopping center in Bradenton, FL is currently 100% occupied and has been anchored by a successful grocery store for over 40 years. IPA Senior Director Kirk D Olson and Drew A Kristol represented the seller while procuring the buyer – Southwood Shops LLC – which is a Miami based partnership between Heritage Square Pompano Beach LLC and Lake Hills Plaza LLC.
Built in 1981 on 15 acres at 14th St & 57th Ave., this shopping center benefits from additional traffic generated by nearby First Horizon Bank, Truist Bank and Chevron gas station as well as State College of Florida Bradenton with an enrollment exceeding 11000 students located one mile away from it.
