Miami-based Saglo buys 4th Tampa retail center

Shoppes at Armenia in Tampa
Shoppes at Armenia in Tampa

Miami-based Saglo Development bought its fourth Tampa-area shopping center in an all-cash transaction.

Saglo paid $1.9 million for the Shoppes at Armenia, a 15,143-square-foot shopping center with a 65 percent occupancy rate.

Tenants of the 10-year-old shopping center include H&R Block, Metro PCS, Subway and Tampa Nails.

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CBRE brokered the sale of Shoppes at Armenia, located on the northwest corner of Armenia Avenue and west Hillsborough  Avenue in Tampa.

The property includes a two-story retail building that spans 11,909 square feet and a 3,504-square-foot out-parcel that Tampa Nails occupies.

Saglo owns Florida shopping centers with more than a million square feet of space, and the company actively is seeking more Florida properties to acquire.