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River Bay Plaza in Riverview, Fla., sells for $5.8 million
New York —River Bay Plaza in Riverview, Fla., has sold for $5.8 million. Cohen Real Estate represented the buyer and seller, both private investment firms.
Located in Hillsborough County, the 79,288-sq.-ft. neighborhood shopping center is anchored by Winn Dixie, which recently exercised a lease option. Other recent developments include a new 10-year lease for Aaron’s and an option exercised by Dollar Tree.
About 163,000 people live within a five-mile radius of the center. Average annual household income is $70,000. -
Primark to make U.S. retail debut with store in Boston
Dublin, Ireland – Discount fast-fashion retailer Primark, the Dublin-based subsidiary of U.K. retail and consumer group Associated British Foods, plans to enter the United States, opening a location in Boston. The 70,000-sq.-ft. store will open at the end of 2015 and be on the site of the former Filene's department store in the city’s downtown area.