Pasco County mall sells for $70.5 million

A Dallas real estate investment firm has bought The Shops at Wiregrass in Pasco County.

TriGate Capital paid $70.5 million for the property, according to county records, bucking a recent trend of falling mall prices across the region.

The open-air shopping center is on State Road 56 off of Interstate 75 in Wesley Chapel. It was built in 2008 and counts Macy’s, Dillard’s and JCPenney as anchors as well as a host of other retailers that call traditional malls home. Among them are Hollister, Charlotte Russe, Champ Sports and restaurants Chuck Lager America’s Tavern and GrillSmith New American Grill.