Tampa retail center sells for $24.75 million

An affiliate of Hachem Investments, a Tampa-based investment firm that owns more than 600,000 square feet of commercial space and 700 apartments along the Gulf Coast, has acquired the Fountain Oaks Business Center for $24.75 million.

The three-building retail and office center, at 3603 W. Waters Ave., is occupied by Marshall's, Dollar Tree, Lutheran Services and Hillsborough County. The 206,000-square-foot center was 92% occupied at the time of the sale.

Fountain Oaks Business Center Inc., a group controlled by Laurice Hachem, acquired the 24.3-acre property on Sept. 13 from Dalfen America Corp., of Dallas.