{"id":159947,"date":"2026-02-18T15:51:09","date_gmt":"2026-02-18T15:51:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-fl\/159947\/"},"modified":"2026-02-18T15:51:09","modified_gmt":"2026-02-18T15:51:09","slug":"storm-damaged-fowler-shopping-plaza-sells-near-list-price","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-fl\/159947\/","title":{"rendered":"Storm-damaged Fowler Shopping Plaza sells near list price"},"content":{"rendered":"<p>A storm-damaged retail center on East Fowler Avenue sold for nearly its list price after drawing 17 offers, once the property was restored and leased back to 96% occupancy.<\/p>\n<p>Colliers announced Feb. 18 that it brokered the sale of Fowler Shopping Plaza, a 27,319-square-foot retail center at 1510\u20131526 E. Fowler Ave. in Tampa. <\/p>\n<p>A real estate fund advised by Crow Holdings Capital purchased the property for an undisclosed price.<\/p>\n<p>Mike Milano and Nicholas Coccodrilli of Colliers\u2019 Milano &amp; Coccodrilli Retail Investments Team represented the seller, CAKK Venture.<\/p>\n<p>READ: <a href=\"https:\/\/tbbwmag.com\/tampa-bay-real-estate-news\/\" rel=\"nofollow noopener\" target=\"_blank\">TAMPA BAY REAL ESTATE NEWS<\/a><\/p>\n<p>\u201cThis transaction highlights the resilience of well-located retail in Tampa and the strength of investor demand for value-add opportunities,\u201d Milano, executive vice president at Colliers, said in a statement. \u201cDespite the challenges posed by storm damage, we worked closely with ownership to restore and stabilize the asset, ultimately generating 17 competitive offers.\u201d<\/p>\n<p><img fetchpriority=\"high\" decoding=\"async\" width=\"1000\" height=\"563\" src=\"https:\/\/www.newsbeep.com\/us-fl\/wp-content\/uploads\/2026\/02\/Untitled-1-2026-02-18T102833.301-1000x563.jpeg\" alt=\"Storefronts at Fowler Shopping Plaza on East Fowler Avenue in Tampa\" class=\"wp-image-89859\"  \/>Storefronts at Fowler Shopping Plaza on East Fowler Avenue in Tampa. The retail center sold near its list price after hurricane repairs and a lease-up to 96% occupancy.<\/p>\n<p>From 60% occupancy to sale-ready<\/p>\n<p>Built in 1979, Fowler Shopping Plaza sits on an infill stretch of East Fowler Avenue, one of Northeast Tampa\u2019s most heavily trafficked commercial corridors. <\/p>\n<p>The center benefits from proximity to the University of South Florida, Busch Gardens and the ongoing redevelopment of University Mall into the multibillion-dollar RITHM mixed-use district.<\/p>\n<p>The property sustained significant hurricane damage in October 2024, displacing two major tenants and reducing occupancy to roughly 60%.<\/p>\n<p>The Arizona-based owner retained Colliers to coordinate repairs and reposition the asset for sale. <\/p>\n<p>The brokerage said it worked with ownership on a tenant-retention strategy while pursuing new leases to fill vacancies created by the disruption.<\/p>\n<p>By September 2025, the center had been substantially restored. Displaced tenants had returned and two additional vacancies were backfilled, bringing occupancy back to about 96% and positioning the property for disposition.<\/p>\n<p>READ: <a href=\"https:\/\/tbbwmag.com\/\" rel=\"nofollow noopener\" target=\"_blank\">TAMPA BAY BUSINESS NEWS<\/a><\/p>\n<p>\u201cThe limited supply of value-add opportunities currently on the market has created some of the most competitive and robust marketing processes seen in years,\u201d Coccodrilli, senior investment director at Colliers, said in a statement. <\/p>\n<p>He cited below-market in-place rents, tight retail vacancy and continued commercial growth along the corridor as drivers of buyer interest.<\/p>\n<p>Crow Holdings Capital is the investment management arm of Crow Holdings, a privately owned real estate investment and development firm that reports $34 billion in assets under management.<\/p>\n<p>Following the sale, Crow Holdings Capital selected Stephanie Addis and Jaclyn Langholz of Colliers to oversee the property\u2019s ongoing leasing.<\/p>\n<p>Why it matters<\/p>\n<p>Retail vacancy in Tampa Bay remains tight, and infill centers near major anchors such as USF continue to attract capital. <\/p>\n<p>Fowler Shopping Plaza moved from storm disruption to stabilized occupancy in less than a year, then sold into a competitive bidding process. <\/p>\n<p>The transaction underscores how quickly capital returns to well-located retail once income stabilizes.<\/p>\n<p>  Stay Informed<\/p>\n<p>\n    Stay up to date on Tampa Bay business news, executive profiles and the companies shaping the region.\n  <\/p>\n<p>\t\tPost navigation<\/p>\n","protected":false},"excerpt":{"rendered":"A storm-damaged retail center on East Fowler Avenue sold for nearly its list price after drawing 17 offers,&hellip;\n","protected":false},"author":2,"featured_media":159948,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[6391,5752,2152,178,276,1846,1724,480,135,1526,21668,137,136,11863,3650,1537],"class_list":["post-159947","post","type-post","status-publish","format-standard","has-post-thumbnail","category-tampa","tag-colliers","tag-commercial-real-estate","tag-development","tag-economic-growth","tag-hillsborough-county","tag-hurricane","tag-investment","tag-real-estate","tag-tampa","tag-tampa-bay","tag-tampa-business","tag-tampa-headlines","tag-tampa-news","tag-tampa-real-estate","tag-university-of-south-florida","tag-usf"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/159947","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/comments?post=159947"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/159947\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media\/159948"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media?parent=159947"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/categories?post=159947"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/tags?post=159947"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}