Echo Realty enters Florida via Tampa

TAMPA— 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.

The center, located at 12020 Anderson Road, Tampa, is anchored by a 55,000-square-foot Publix grocery store and 8,003-square-foot Dollar Tree. Other tenants include a 4,198-square-foot Winners Grill, 3,000-square-foot Greenberg Dental & Orthodontics, 2,636-square-foot HoneyBaked Ham, 2,175-square-foot Twisted Lime Spirits, 2,007-square-foot Pizza Hut and 2,000-square-foot Fashion Nails. It had a single vacancy at the time of the sale.