Panattoni Development Group confirmed Tuesday that its investment subsidiary has completed the sale of the former Tampa International Center site on Adamo Drive to Ikea, the Swedish retail chain. The sales price wasn't disclosed by Panattoni or Ikea.

Panattoni, based in Irvine, Calif., began demolition and site work prior to Friday's closing to prepare the 29-acre property for construction this summer. Ikea plans to open a store there by summer 2009.