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TriGate Capital Acquires The Shops At Wiregrass In Wesley Chapel For $70.5M

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SOLD
$70,500,000

Florida

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Retail800,000 SF
Sold 05/23/2023
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SOLD

TriGate Capital Acquires The Shops At Wiregrass In Wesley Chapel For $70.5M

28211 Paseo Drive Wesley Chapel, FL 33543, USA

See Similar Deals
Retail800,000 SF
Sold 05/23/2023
the dealplayerscompscontact
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Summary

FLORIDA
Asset Type:Retail
Price Per Square Foot:$88
Total Square Footage:800,000 SF
Transaction Type:Sale

Dallas-based real estate investment firm TriGate Capital has acquired The Shops at Wiregrass in Pasco County for $70.5 million. The open-air lifestyle center, known for its pedestrian-friendly design, spans 800,000 square feet and is located at 28211 Paseo Drive in Wesley Chapel. The sale price equates to a price per square foot of $88.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $70,500,000
  • SF: 800,000
  • PPSF: $88
  • Address: 28211 Paseo Drive, Wesley Chapel
  • Market: Wesley Chapel

TriGate Capital, represented by Jay Henry, completed the acquisition of The Shops at Wiregrass. The firm plans to invest in exterior improvements to attract desirable retailers to the open-air lifestyle center, bucking the trend of declining mall prices in the Pasco County region.

Players

JH
Jay Henry
2 deals$70.5M volume
BUYER

Details

SOLD
IMAGE: Jay Henry DATE: 05/23/2023 ADDRESS: 28211 Paseo Drive MARKET: Wesley Chapel ASSET TYPE: Retail BUYER: TriGate Capital - Jay Henry SALE PRICE: $70,500,000 SF: 800,000 ~ PPSF: $88 NOTE: Dallas-based real estate investment firm TriGate Capital has acquired The Shops at Wiregrass in Pasco County for $70.5 million, a departure from the declining mall prices in the region. The open-air lifestyle center, known for its pedestrian-friendly design, will undergo exterior improvements to attract desirable retailers.

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