Key Takeaways
- • Curbline Properties acquires The Shoppes at Crescent Park in Riverview for $14 million, expanding its portfolio of unanchored neighborhood retail centers in high-traffic markets.
- • Property comprises 24,056 square feet of retail and restaurant space across two buildings on 4.18 acres, built in 2020, with 64,000 daily vehicle passes on U.S. 301 and proximate to Interstate 75.
- • Anchor and mid-tier tenants include AT&T, GEICO, Eggs Up Grill, Heartland Dental, Foxtail Coffee, and Bubbakoo's Burritos, with one 2,627-square-foot space available for lease, demonstrating mixed-use retail and service tenant stability.
- • Seller KW Realty Fund VI LLC, a Clearwater-based real estate investment fund managed by KW Partners, divested the asset as Curbline Properties, an independent public REIT since 2024, pursues selective acquisitions of neighborhood shopping centers.
- • Strategic location near major employers including Progressive and Brandon Town Center positions the center for continued leasing activity in Tampa Bay's growing suburban retail market.
Summary
Curbline Properties, an independent public real estate investment trust, acquired The Shoppes at Crescent Park in Riverview through an affiliate purchase for $14 million. The property, located at 3904 S. U.S. 301, transferred from Clearwater-based KW Realty Fund VI LLC, which is managed by KW Partners. CBRE brokers Jim Shiebler and James Garner represented both parties in the transaction.
The retail center was constructed in 2020 and encompasses 24,056 square feet of retail and restaurant space across two buildings situated on 4.18 acres at the intersection of U.S. 301 and Crescent Park Drive. The acquisition includes an adjoining wetlands tract. The location benefits from significant traffic volume, with approximately 64,000 vehicles passing daily on U.S. 301, and strategic positioning near Interstate 75, the Brandon Town Center, and major employers such as Progressive Insurance.
The property's tenant roster reflects a diversified mix of national, regional, and local operators, including AT&T, GEICO, Eggs Up Grill, Heartland Dental, Foxtail Coffee, and Bubbakoo's Burritos. One space totaling 2,627 square feet remains available for lease. Curbline Properties, which became an independent public company in 2024, specializes in acquiring and operating unanchored neighborhood shopping centers with leases to mixed-use national, regional, and local retailers and service businesses. This acquisition aligns with the REIT's strategic focus on markets with strong demographic fundamentals and consistent traffic patterns.
The retail center was constructed in 2020 and encompasses 24,056 square feet of retail and restaurant space across two buildings situated on 4.18 acres at the intersection of U.S. 301 and Crescent Park Drive. The acquisition includes an adjoining wetlands tract. The location benefits from significant traffic volume, with approximately 64,000 vehicles passing daily on U.S. 301, and strategic positioning near Interstate 75, the Brandon Town Center, and major employers such as Progressive Insurance.
The property's tenant roster reflects a diversified mix of national, regional, and local operators, including AT&T, GEICO, Eggs Up Grill, Heartland Dental, Foxtail Coffee, and Bubbakoo's Burritos. One space totaling 2,627 square feet remains available for lease. Curbline Properties, which became an independent public company in 2024, specializes in acquiring and operating unanchored neighborhood shopping centers with leases to mixed-use national, regional, and local retailers and service businesses. This acquisition aligns with the REIT's strategic focus on markets with strong demographic fundamentals and consistent traffic patterns.
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