"This acquisition is consistent with our strategy of expanding our presence in growing markets in Florida with the dominant grocery anchors," IRT chairman and CEO Thomas H. McAuley says in a prepared statement. "We continue to actively and selectively review new acquisitions and will remain focused on those opportunities that are consistent with our growth strategy."
The shopping center is 85% leased and also is home to Eckerd Drugs, Schlotzky's Deli and State Farm Insurance. IRT expects to complete the new Publix by the beginning of October 2002.
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