After seven months on the market, the owners of the Centro Ybor entertainment and office complex have taken the property off the market.
“We were pleased with how the sales process was going, but as things moved along, we decided we want to continue our ownership,” said David Harvey, senior vice president of sales and acquisitions for M&J Wilkow, which owns the property. “Interest from prospective tenants has increased, and we feel that the value of the property will continue to grow.”
Though originally conceived as an entertainment complex, and spark for further redevelopment nearby, the complex has seen some tenants vacate over the years, and Wilkow spearheaded a drive to reorganize the property into more of a mixed-use center.
The 216,000-square-foot complex has attracted several new retailers and restaurants, such as Carne ChopHouse and Ybor City Wine Bar, over the past year, along with several major office users, including the logistics company C.H. Robinson, and creative agencies Tampa Digital Studios, Chappell Roberts and Grafx.
Chicago-based M&J Wilkow Ltd. has owned the property since 2006, and officials there said “This isn’t the best time to sell the office-retail-restaurant complex, which is 89 percent occupied and thriving.”