Marketplace Shopping Center Trades for $19.2 Million
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Real estate investment trust Regency Centers sold the Marketplace Shopping Center in St. Petersburg, Florida, to East Gate Alliance for $ 19.2 million, or about $ 213 per square foot. East Gate Alliance, a family investment firm based out of New Jersey, also secured an $ 11.9 million acquisition loan from TD Bank. Located off of 22nd Avenue North, the shopping center was built in 1983. Marketplace Shopping Center was 91 percent leased at the time…
Tampa/St. Petersburg Commercial Real Estate News From CoStar Group
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