Palm Plaza

Location: 12108 N. 56th Street, Temple Terrace, Florida

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Property: The property consists of one 10,543 Square Foot (SF) two (2) story office building with multiple tenant spaces and tenants.  A secondary structure consists of 1,800 SF of office space and is presently unoccupied.

Receivers Duties: Acted as landlord during the foreclosure process, involved in negotiating new leases with current tenants, collecting rent, marketed unoccupied tenant space, maintained common areas (including replacement of Lift Station), and reported financial performance.

Lender: IberiaBank