Colliers Facilitates Sale Of 76,834-Square-Foot Retail Center In Trinity, FL

(MENAFN- Market Press Release) September 2, 2026 2:27 pm - Colterra Capital sells high-performing Trinity Village Center in greater Tampa Bay area

Colliers | U.S. has announced the sale of Trinity Village Center, a 76,834-square-foot unanchored retail strip center. The property is located at 10720 State Road 54 in Trinity, FL, one of the fastest-growing affluent communities within the Tampa metropolitan area.

Colliers' Tommy Isola and Whitaker Leonhardt represented the seller, Colterra Capital Corporation, in the transaction.

“Trinity Village Center attracted significant investor interest due to its combination of strong in-place cash flow, exceptional tenancy and compelling mark-to-market opportunity,” said Isola, senior associate at Colliers.“The property offers investors the ability to acquire a stable, high-performing retail asset positioned for meaningful revenue growth in one of the Tampa Bay region's fastest-growing submarkets.”

Trinity Village Center is an unanchored strip center featuring a diverse mix of national and regional tenants. More than 80% of the property's revenue is generated by nationally recognized and regionally dominant brands. The center also includes owned outparcels occupied by Bonefish Grill, as well as a multi-tenant building, including Synovus Bank and Tampa General. The center was 93% occupied at the time of the sale.

The property presents a significant value-creation opportunity, as nearly 50% of the gross leasable area expires by 2032 and current in-place rents are, on average, approximately 55% below market rates. Average base rents at the property are less than $26 per square foot, compared to nearby comparable rents in the mid-$40s to mid-$50s per square foot range.

Located at the signalized intersection of State Road 54 and Duck Slough Boulevard, the center benefits from visibility to more than 80,000 vehicles per day. Trinity Village Center serves a growing, high-income residential population, with average household incomes approaching $190,000 and projected population growth of nearly 10% over the next five years. The property is also within 6 miles of both U.S. Highway 19 and the Suncoast Parkway, providing strong connectivity throughout the Tampa Bay region.

“Investors continue to pursue well-located retail assets that combine durable tenancy with measurable upside,” said Leonhardt, executive vice president at Colliers.“Trinity Village Center's strong tenant roster, affluent demographics and substantial rent growth potential made it a highly attractive offering in today's market.”

The transaction further underscores investor demand for necessity-based and service-oriented retail properties in Florida's high-growth markets.

Colterra Capital Corporation of Montreal, Quebec invests in and manages real estate on behalf of private investors. It has investments in Florida, Virginia, North Carolina, South Carolina and Alabama.

About Colliers
Colliers is a global diversified professional services and investment management company operating through three industry-leading businesses: Commercial Real Estate, Engineering and Investment Management. With greater than a 30-year track record of consistent growth and strong recurring cash flows, we scale complementary, high-value businesses that provide essential services across the full asset lifecycle. Our unique partnership philosophy empowers exceptional leaders, preserves our entrepreneurial culture, and ensures meaningful inside ownership – driving strong alignment and sustained value creation for our shareholders. With $6 billion in annual revenues, 28,000 professionals, and $110 billion in assets under management, Colliers is committed to accelerating the success of our clients, investors, and people worldwide. Learn more at colliers.

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