The acquisition was the REIT's 19th in Florida. The acquired Aberdeen Square Shopping Center is at Le Chalet Boulevard and Military Trail.
This is the second retail property the REIT has acquired in South Florida. It owns Boynton Commons Shopping Center, a 210,772-sf property also in this Palm Beach County community, 58 miles north of Downtown Miami.
In addition to the South Florida properties, the REIT owns 17 other retail centers in Florida totaling 2.1 million sf of space. Throughout the country, it owns 29 retail properties totaling 3.64 million sf.
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