Walton Street Capital has purchased 14,000 square feet of retail space at Echelon City Center in St. Petersburg, adding the ground floor of a 15-story mixed-use building to its existing ownership of the residential tower above.
The property, known as Waterview Retail Center, was built in 2021 in Carillon Park and is fully leased to five businesses: Publix Liquors, Back Bar, Feathersound Smiles, Modern Medical and Brothers Thomas Bespoke Café. Several leases extend through 2031 or later, providing long-term rental income for the new owner.
Third Lake Capital and Echelon partners sold the property in a multimillion-dollar transaction brokered by Tampa-based Franklin Street. The sale price was not disclosed…