Central Plaza

Franklin Street Arranges $5.1 Million Sale of Central Plaza Shopping Center in St. Petersburg, Florida

by Julia Sanders

St. Petersburg, Fla. — Franklin Street has arranged the $5.1 million sale of Central Plaza, a 19,016-square-foot, fully occupied shopping center located at 3270 Central Ave. in St. Petersburg. The property falls within a Qualified Opportunity Zone. Anthony Suarez and Ryan Derriman of Franklin Street represented the seller, a California-based private investor, in the transaction. The undisclosed buyer is a local investor. The plaza features seven net-leased tenants with an average tenure of over 22 years. Tenants at the center include Rent-A-Center, Amscot and Rainbow Clothing.

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