Pittsburgh's ECHO Realty buys Publix-anchored Paradise Plaza

BUYER: Echo Paradise LLC (Echo Portfolio II LP), Pittsburgh
SELLER: Paradise Plaza Ltd., James Mann, as trustee of the Mann 1994 Family Trust, Feiger Partners LP and David Husman, as trustee of the David L. Husman Trust
PROPERTY: 3800 S. Tamiami Trail and 3825 S. Osprey Ave., Sarasota
PRICE: $26.72 million
LAW FIRM ON DEED: Tenenbaum & Saas PC, Chevy Chase, Md.

PLANS, DESCRIPTION:
Pittsburgh-based ECHO Realty LP purchased the 139,000-square-foot Paradise Plaza for $26.72 million.

The price equated to $192 per square foot. That figure is higher than the two-year average price per square foot for retail space ($138) in the Tampa Bay area, according to the CoStar Group.