Realty Financial Corp. buys Commons at Twin Lakes

BUYER: Twin Lakes Plaza LLC (principal: William McKenna Jr.), Upper Montclair, N.J.
SELLER: Commons at Twin Lakes Associates LLC
PROPERTY: 31918 and 31988 U.S. 19 N., Palm Harbor
PRICE: $8.4 million
PREVIOUS PRICE: $1.52 million, October 1993
LAW FIRM ON DEED: Carlton Fields PA, Tampa

PLANS, DESCRIPTION: Realty Financial Corp. purchased the 53,000-square-foot Commons at Twin Lakes retail center for $8.4 million.

The price equated to $158 per square foot. That figure is higher than the two-year average price per square foot for retail space ($146) in the Tampa Bay area, according to the CoStar Group.