Hutton Sells Cypress Creek Town Center Portfolio In Lutz For $49.6M

The Cypress Creek Town Center Portfolio in Lutz has been sold for $49.6 million. The retail property is located at the intersection of State Road 56 and Wesley Chapel Blvd. It spans an area of 240,211 square feet, resulting in a price per square foot of $206. The shopping center is fully leased and features notable anchor tenants such as Total Wine, Hobby Lobby, Burlington, HomeGoods, Badcock Furniture, and Dollar Tree.

Summary of transation details

• Property Type: Retail
• Transaction Amount: $49,600,000
• Address: State Road 56 & Wesley Chapel Blvd
• Market: Lutz

Newmark, represented by Drew Fleming, successfully brokered the sale of the Cypress Creek Town Center Portfolio. Hutton served as the seller in this transaction. Drew Fleming, from the Newmark agency, played a key role in facilitating the deal, which involved the fully leased retail property in Lutz.