Echo Realty LP buys Westgate Plaza

BUYER: Echo Westgate LLC, Pittsburgh
SELLER: Kimco Westgate Plaza LLC
PROPERTY: 12020 Anderson Road, Tampa
PRICE: $11.24 million
PREVIOUS PRICE: $12.1 million, March 2007
LAW FIRM ON DEED: Cozen O'Connor, Philadelphia

PLANS, DESCRIPTION: Pittsburgh-based Echo Realty LP purchased the 100,200-square-foot Westgate Plaza in Citrus Park from Kimco for $11.24 million.

The price equated to $112 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.