Tampa Festival Centre sells for $6.625 million

Tampa Festival Centre, a 131,278 square foot retail center sold February 6th to Forge Capital Partners of Tampa. This center sits on 19 acres at 2525 E. Hillsborough Avenue and is anchored by mostly discount retailers. The seller was Urban America LP based out of New York that paid $5.38 million for the center in 2000.

It is estimated that this property was about 93 percent occupied at the time of sale.