Centennial American Properties' purchase makes way for Trader Joe's

BUYER: Cap Dale Mabry LLC (Centennial American Real Estate Ltd.), Greenville, S.C.
SELLER: Swann Avenue Properties LLC
PROPERTY: 3808 W. Swann Ave., Tampa
PRICE: $2.7 million
PREVIOUS PRICE: $1.2 million, June 2005
LAW FIRM ON DEED: Dye Deitrich Petruff & St. Paul PL, Bradenton

PLANS, DESCRIPTION: Centennial American Properties LLC purchased an 11,400-square-foot former Shapes Total Fitness gym for $2.7 million.

The price equated to $237 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.