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SALES AND TAXES ARE UP
Tampa Tribune
Published: Feb 2, 2007

In recent years, the frequent buying and selling of shopping centers is helping their taxable values surge. Even centers that haven't been sold are being affected. Some recently sold centers and their taxable value increases:

HILLSBOROUGH COUNTY

•Colony Crossings

10005 W. Hillsborough Ave., Tampa

Most recent sale: $15.6 million (Jan. 2006)

Anchor tenant: Publix

Owner: Colony Crossing SDM LLC, Tarpon Springs

2006 taxable value: $13.97 million

2005: $10.82 million

2004: $9.66 million

2003: $9.08 million

•Sun Point Shopping Center

3040 College Ave., Ruskin

Most recent sale: $7.5 million (May 2006)

Anchor tenant: Bealls

Owner: Equity One, North Miami Beach

2006 taxable value: $6.75 million

2005: $4.93 million

2004: $4.9 million

2003: $4.65 million

•Westgate Shopping Center

12020 Anderson Road, Tampa

Most recent sale: $9.6 million (Feb. 2005)

Owner: PMAT Real Estate Investments, Mandeville, La.

2006 taxable value: $7.95 million

2005: $7.76 million

2004: $6.22 million

2003: $5.87 million

PINELLAS COUNTY

•Seabreeze Plaza

30505 U.S. 19 N., Palm Harbor

Most recent sale: $26.2 million (Dec. 2005)

Owner: Saul Holdings, Bethesda, Md.

2006 taxable value: $22 million

2005: $16 million

2004: $14.1 million

2003: $8.5 million

•East Lake Woodlands

3400 East Lake Road, Palm Harbor

Most recent sale: $28.89 million (Sept. 2006)

Owner: Weingarten Realty Investors, Houston

2006 taxable value: $15.02 million

2005: $14.35 million

2004: $13 million

2003: $11.8 million

•Tyrone Gardens

1050 58th St. N., St. Petersburg

Most recent sale: $19 million (June 2006)

Owner: Joint venture by Sembler Co. of St. Petersburg and New Plan Excel Realty Trust of New York

2006 taxable value: $14.6 million

2005: $11.1 million

2004: $10.8 million

2003: $10.6 million

Sources: Hillsborough and Pinellas county property appraiser and tax collector databases



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