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Publix at Laguna Isles Sale Carries $12M Price Tag

FORT LAUDERDALE, FL-Weingarten Realty Investors purchased the Publix at Laguna Isles shopping center from joint-venture sellers Kimco Realty Corp. and Flagship Investments. Weingarten paid about $168.40 per sf for the 69,475-sf center.

By Melissa Bogdany | Updated on November 12, 2003

FORT LAUDERDALE, FL-The Publix at Laguna Isles shopping center here traded hands for $11.7 million when Houston-based Weingarten Realty Investors bought the 69,475-sf retail center, located on the northeast corner of Sheridan Street and Southwest 196th Avenue. The joint-venture sellers in the deal, which equals approximately $168.40 per sf, were Kimco Realty Corp. and Flagship Investments.

Publix is the neighborhood necessity strip center’s anchor tenant. Other tenants include Pinch A Penny, State Farm Insurance, Subway, Hair Cuttery, Dry Clean USA and Mailboxes, Etc. Built in 2001, the shopping center is 96.6% occupied and has 2,400 sf of space available.

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