Ram Realty Advisors Sells Woodlands Square
(OLDSMAR, FL) — After breathing new life into the 315,000 SF Woodlands Square, owner Ram Realty Advisors is pleased to announce the sale of the revitalized center to Dallas, Texas-based Rainier Companies. Cushman & Wakefield’s Miami-based retail investment sales team, led by Mark Gilbert, Adam Feinstein, and Mitchell Halpern, represented the seller in the transaction.
After demolishing functionally obsolete space near the back of the center to make way for new tenants and better traffic flow, Ram’s makeover of the prime location at the intersection of Tampa Road and Curlew Road included new building facades, new signage, roofing, painting, parking lots, parking lighting, landscaping, awnings, and created a two-way ingress/egress drive. Ram estimates it touched roughly 85% of the center, which is 96% occupied, making it an attractive acquisition for Rainier. “The Class A center is a perfect fit for our retail strategy and growing retail portfolio,” says Rainier’s President, Tim Nichols.
The tenant mix includes recognized brands including specialty organic and natural foods grocer, Earth Fare; an AMC Theatre, which recently received a $7 million makeover; PetSmart; Five Below; a free-standing Ulta cosmetics; Beall’s; Marshall’s; Dollar Tree; Anytime Fitness; Coast Dental; Fantastic Sam’s; Kids Park; Pinot’s Palette; Amazing Lash, and Salon Lofts.
Local tenants include Janice Brand DDS, T&T Nails, Perfections Hair Salon, My Greek Corner, Richard’s Foodporium, Eve’s Florist, and Ruth Fashions.
Dining options include Shaker & Peel, Craft Street Kitchen, Green Market Café, Ruby Tuesday, and long-time local favorite Eve’s Family Restaurant.
Located 20 minutes northwest of downtown Tampa, in Pinellas County (the most popular destination on Florida’s Gulf of Mexico), this prime location represents a winning decision for both firms.
Ram Realty Advisors LLC acquires and develops retail, multifamily, and mixed-use properties in select high-growth markets throughout the Southeast. The investments are capitalized by Ram-sponsored discretionary private equity funds and institutional co-investment vehicles. Since 1996, Ram has deployed in excess of $3.2 billion of capital. Ram and its predecessor entities were founded in 1978. The Company is headquartered in Palm Beach Gardens, Florida, and has offices in Charlotte and Chapel Hill, North Carolina.
Kelly Owens Alchemy Communications Group email@example.com office: 561.935.9953 x. 101 mobile: 561.222.4958
Jennifer Stull Ram Realty Advisors firstname.lastname@example.org office: 561-630-6110