Florida Shopping Mall Value Add Opportunity

678,377 SF regional mall anchored by 100K SF Hudson's Furn., 103,162 SF JCPenney, and a 99,946 SF Sears (separately owned).
The Bradenton MSA is a sizeable secondary market trade area with favorable retail demographics, a growing population, and close proximity to the Tampa and Sarasota MSAs.
The only enclosed shopping center in Manatee County.
Recent addition of Hudson Furniture Showroom (100,151 SF) demonstrates the continued drawing power of the Mall
Immediate upside potential through lease-up of vacancies (132K SF anchor space)
Stable In-line Sales over the past several years (ranging from $292/psf in 2003 to $280/psf in 2013)
Manatee County has experienced exceptional population growth since 2000, adding close to 80,000 new residents.