Saber Real Estate Advisor, ARC developing Westshore/Spruce corner

BUYER: Saber Corner II LLC (principals: Martin Berger and Michael Klinger), Armonk, N.Y.
SELLER: Valjim Inc.
PROPERTY: 1810 N. Westshore Blvd. and vacant commercial land, north of West Laurel Street and west of North Westshore Boulevard, Tampa
PRICE: $4.82 million
PREVIOUS PRICE: $1.15 million, April 1999 and $300,000, July 2007
LAW FIRM ON DEED: Mateer &Harbert PA, Orlando

PLANS, DESCRIPTION: Saber Corner II LLC a partnership of Armonk, N.Y.-based Saber Real Estate Advisor and Clifton, N.J.-based real estate investment trust ARC Properties Trust, purchased the 3.4-acre former Payless Car Rental property for $4.82 million.

The price equated to $1.42 million per acre. That figure is higher than the two-year average price per acre for retail space ($893,571) in the Tampa Bay area, according to the CoStar Group.