Friday, February 5, 2010
The Dizengoff-Trading Group, which is an Israeli trading and real estate development company, has purchased Colonial Promenade Winter Haven, a open-air shopping center.
The Florida Commercial Real Estate is located at 303-399 Cypress Gardens Blvd. in Winter Haven. The purchase price was reported at $20.75 million.
This Strip Center has a Super Wal-Mart with a long term lease. Wal-Mart is a creditworthy anchor and creates high traffic for other tenants in the center, especially in this busy part of town. Additional national-brand tenants include Dollar General, Citi Financial, CiCi’s Pizza and Verizon Wireless.
Super Wal-Mart and Dollar General are highly desired for Net Lease Property Investments.
Dizengoff Group began its real estate activities in 1986 and has since earned a place amongst Israel’s leading real estate developers.
This Israeli real estate firm expanded to Boca Raton, in South Florida.