Central Plaza Shopping Center Trades for $7.3M

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By Thomas Wojehowsky, via CoStar Group

Saglo Development Corporation purchased the Central Plaza Shopping Center at 3201 Central Ave. in Saint Petersburg, FL from Ram Realty Services for $7.265 million, or about $97 per square foot

The 74,600-square-foot retail center was constructed in 1957. The multi-tenant building is located at the corner of Central Avenue and 34th Street North in Pinellas County. It was 92 percent occupied at the time of the sale.

Mark Gilbert, Adam Feinstein, and Mitchell Halpern of Cushman & Wakefield, Inc.’s Miami office represented the seller. The buyer handled the sale in-house, and has retained RMC Property Group of Tampa to handled leasing at the center.

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