FORGE ANNOUNCES SALE OF HORIZON PARK SHOPPING CENTER
Community Reinvestment Partners II, LP (the “Fund”), a joint venture between Forge Capital Partners and DeBartolo Development, is pleased to announce the sale of Horizon Park Shopping Center, a 215,713 square foot shopping center located in Tampa, Florida.
Horizon Park Shopping Center sits on 16.3 acres along West Hillsborough Avenue near its intersection with North Dale Mabry Highway just two miles north of Raymond James Stadium. The center has operated as a central retail destination since 1971 and is anchored by Conn’s HomePlus, Northern Tool & Equipment and dd’s Discounts. The Fund purchased the asset in July of 2011 and added value through upgrading the tenant mix, increasing occupancy, and making significant capital improvements. The shopping center was sold to Mishorim Investments.
Forge Capital Partners is a diversified, commercial real estate investment and investment management company. Forge has built a strong track record as an acquirer and operator of commercial real estate, specializing in socially responsible projects throughout the Southeast. Since 2000, Forge and its principals have successfully sponsored and managed four real estate oriented, closed-end private equity funds, and executed over a billion dollars in retail and multifamily real estate transactions.