Subway Development affiliate buys Hampton Plaza strip center

BUYER: GTB Foods Inc. (principal: Michael LaSalla), Clearwater
SELLER: Hampton Center Inc.
PROPERTY: 2790-2794 Gulf to Bay Blvd., Clearwater
PRICE: $2.4 million
PREVIOUS PRICE: $1.26 million, December 1997
LAW FIRM ON DEED: Law Firm of Trenam Kemker, Tampa

PLANS, DESCRIPTION: GTB Foods Inc., a company led by Michael LaSalla, the president and CEO of Subway Development of Tampa Bay, purchased the 21,525-square-foot Hampton Plaza retail center for $2.4 million.

The price equated to $111 per square foot. That figure is lower than the two-year average price per square foot for retail space ($146) in the Tampa Bay area, according to the CoStar Group.