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Florida & Gulf Coast  + Central Florida  + Retail  | 
Saber Real Estate Advisors and ARC Trust have sold The Corner at Westshore I & II in Tampa, FL for $44.5 million.

Franklin Street Bags Record with $45M Sale of Retail Center in Tampa

Franklin Street has arranged the $44.5-million sale of The Corner at Westshore I & II in Tampa’s Westshore District. The 67,019-square-foot, Class A retail property sold for $664 per square foot, which according to the company makes it one of the largest post-pandemic retail transactions in the Tampa Bay market.

A Franklin Street team of Greg Matus and Adam Tiktin arranged the transaction on behalf of sellers Saber Real Estate Advisors and ARC Trust, which developed the 6.67-acre property in 2013 and 2014. The buyer acquired the asset in a 1031 exchange and was represented by Cushman & Wakefield’s Don LeBuhn.

Franklin Street has been awarded the property’s leasing and property management assignments.

The Corner at Westshore is fully occupied and features a tenant lineup of primarily national brands. On average, lease terms have 10+ years remaining with built-in rent increases. Two Outfront Media, Inc. billboards on the property drive passive income.

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About Lisa McDuffie

Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group. When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.

  • ◦Sale/Acquisition