Tampa shopping center sells for $36 million

Grand Plaza, a 106,000-square-foot shopping center in Tampa, has sold for $36 million.

The unanchored retail center is on North Dale Mabry Highway near Carrollwood along one of the busiest commercial districts in Hillsborough. It is on the east side of the highway between Fletcher Avenue and Erlich Road.

Jeff Dervech, of Dervech Real Estate in Tampa, says the center was 99% occupied at the time of sale. Dervech, who announced the sale, says in an email that the buyer is “an undisclosed private fund.”