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Tuesday, August 18, 2015

Tampa Bay Business Journal: South Florida investors sell off Walmart Neighborhood Market-anchored center in Largo


Tampa Bay Business Journal's Ashley Gurbal Kritzer reports:

"Sterling Organization has sold off a Largo shopping center for $18.9 million.

The Palm Beach-based company said Monday that Pine Tree Commercial Realty of Chicago had purchased the 99,054-square-foot Barclay Square, which is at 13817 Walsingham Road and anchored by a Walmart Neighborhood Market. The price breaks down to $190 per square foot.

Sterling paid $10.8 million, or $109 per square foot, for the property in 2012. The group took the center's occupancy from 80 percent to 98 percent in its three years of ownership."

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