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Last Updated ( Tuesday, 19 August 2014 19:29 )
DATE_FORMAT_LC2=Tuesday,August 19 2014 12:00:00 am EDT   
ECHO Realty Purchases Grocery-Anchored Paradise Plaza in Sarasota, Florida for $26.7 Million

paradise plaza webECHO Realty has acquired Paradise Plaza Shopping Center in Sarasota, Fla., which originally opened as Crossroads Plaza in 1959, added Publix in 1995 and was redeveloped by the sellers in 2005.Sarasota, Fla. – ECHO Realty has acquired Paradise Plaza Shopping Center, a 140,000-square-foot center anchored by Publix, CVS and Petco in Sarasota, for $26.7 million. Paradise Plaza originally opened as Crossroads Plaza in 1959, added Publix in 1995 and was redeveloped by the sellers, a partnership between Paradise Ventures and E.J. Plesko & Associates, in 2005. Other tenants include Hallmark, Pure Barre, The UPS Store, Hand & Stone, Einstein Bros. Bagels, TCBY, Silverberg Jewelry and Smoothie King. Curtis Crenshaw of Coastal Companies and Tad Templeton of the Templeton Group brokered the purchase.

  Scott Reid


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