Principal just sold Weston Lakes Plaza at a high $239.56 per sf, or a total of $23.12 million at a capitalization rate of just under 7%. The buyer of the property, which was built seven years ago, was a West Coast-based pension fund. Principal paid quite a bit less--$13.2 million--for the property in December 1997.

"There was an incredible level of interest from some of the most sophisticated and savvy professional investors in the world," Azor says in a statement about the recent sale, adding that the shopping center is located in "the highest income submarket in the highest growth county of the highest growth state."

The 96,342-sf shopping center is anchored by a 47,955-sf Publix supermarket. Other tenants include: Blockbuster Video, Eckerd, Starbucks, Subway and Baskin Robbins.