Kings Crossing center trades for $14M

SUN CITY CENTER — Phillips Edison-ARC Grocery Center REIT II Inc. purchased the 75,020-square-foot Kings Crossing shopping center for $14 million.

The price equated to $187 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.

Kings Crossing is anchored by Publix and also houses Sally Beauty Supply, Subway and The UPS Store. The single-building center, located at 4824-4886 Sun City Center Blvd., Sun City Center, was constructed in 2000.