Tampa

  • Jul
    23

Ram Sells Florida & Waters Shopping Center

July 23, 2015

  • Ram sells Florida & Waters Shopping Center to Saglo Development Corporation
  • Florida & Waters Shopping Center is a 159,097 SF asset located in Tampa, Fla.

Tampa, Fla., July 22, 2015—Ram Realty Services, a leading developer and real estate investment manager throughout the Southeast, has announced the sale of Florida & Waters Shopping Center to Saglo Development Corporation.

The 159,097 SF center is located on the southwest corner of North Florida Avenue and Waters Avenue in Tampa, FL. Notable tenants include Save-A-Lot, Citi Trends, Magic Mall Flea Market, CAC Medical Center, Wendy’s and Dunkin’ Donuts. Florida & Waters was 87.9% occupied at the time of sale.

Ram acquired Florida & Waters in November 2004 from The Greco Family, LP as part of its Community Reinvestment Partners Fund. Ram completed significant capital improvements in 2009, including an updated façade, roofing, parking lot improvements, and additional signage.

About Ram

Founded in 1978, Ram is an affiliated group of companies and partnerships that acquire, develop, manage and finance retail and residential properties in the Southeast. The group also selectively acquires debt secured by retail and residential properties.  Ram is currently investing Ram Realty Partners III LP, a value-added fund targeting retail and multifamily properties in select high growth markets in the Southeast.  Since 1996, the company has deployed $1.7 billion in real estate transactions.  Ram is headquartered in Palm Beach Gardens, Florida and has offices in Fort Lauderdale and Tampa, Florida and Charlotte, North Carolina. For more information, visit www.ramrealestate.com.

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  • Apr
    16

Ram Sells The Cypress Shopping Center

April 16, 2015

Ram Sells The Cypress Shopping Center

  • Ram sells The Cypress Shopping Center to DFG-Tampa Cypress, LLC
  • The Cypress Shopping Center is a 111,228 SF property located in Tampa, Fla.
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Tampa, Fla., April 14, 2015—Ram Realty Services, a leading developer and real estate investment manager throughout the Southeast, has announced the sale of The Cypress Shopping Center to DFG-Tampa Cypress, LLC. Dennis Carson of CBRE Inc., brokered the sale.

The Cypress Shopping Center is located at the heart of the rapidly growing, affluent Wesley Chapel area of Tampa, Fla., known as New Tampa, and includes 111,228 SF of retail space. It is currently 93% occupied and anchored by LA Fitness and Sweetbay. Ram will retain two pad sites and three outparcels as part of the deal.

The Cypress was originally constructed in 2009. In late 2011, Ram acquired interest in the asset for its third fund (RRPIII) through the purchase of two promissory notes secured by a first mortgage and directed by Regions Bank. Ram subsequently took title of the property in May 2013 and brought it to its current stabilization.

About Ram

Founded in 1978, Ram is an affiliated group of companies and partnerships that acquire, develop, manage and finance retail and residential properties in the Southeast. The group also selectively acquires debt secured by retail and residential properties.  Ram is currently investing Ram Realty Partners III LP, a value-added fund targeting retail and multifamily properties in select high growth markets in the Southeast.  Since 1996, the company has deployed $1.7 billion in real estate transactions.  Ram is headquartered in Palm Beach Gardens, Florida and has offices in Fort Lauderdale and Tampa, Florida and Charlotte, North Carolina. For more information, visit www.ramrealestate.com.