The sale price equates to approximately $155.14 per sf.

Flagler Park Plaza is anchored by Publix, Linens 'n Things, PetsMart, Michaels, Pep Boys, Walgreens, Big Lots, Joann Fabrics and Office Depot.

Terranova Corp. represented Flagler & 82nd Ltd. in the sale, which closed less than 90 days after Terranova was hired. Beth Azor, president of Terranova Corp., a Miami-based third-party commercial real estate advisory firm, notes a high level of investor interest in the plaza. "Interest in this exceptional supermarket-anchored community center was intense from investors throughout the country," Azor said in a statement. "We received a large number of offers, reflective of investor demand in this asset class, and went with the strongest player offering the top price, coupled with the fastest and most certain execution."