Saglo Development Corp. buys Ruskin's Sun Point retail center

BUYER: Sun Point SDC LLC (Saglo Development Corp.), Miami
SELLER: Equity One (Florida Portfolio) Inc.
PROPERTY: 3002 E. College Ave., Ruskin
PRICE: $7.25 million
PREVIOUS PRICE: $7.5 million, May 2006
LAW FIRM ON DEED: Broad and Cassel, Boca Raton

PLANS, DESCRIPTION:
Commercial real estate developer Saglo Development Corp. purchased the 131,155-square-foot Sun Point retail center for $7.25 million.

The price equated to $55 per square foot. That figure is less than the two-year average price per square foot for retail space ($138) in the Tampa Bay area, according to the CoStar Group.