Doron Valero, president of Equity One, tells GlobeSt.com that the new properties are consistent with the company's acquisition strategy. "In general we are trying to acquire properties that are adjacent to our existing properties or ones that are good redevelopment opportunities. When you acquire a property next to one you already own, it's like an extension of your property."
Alfaya Village is a 39,477-sf shopping center on Colonial Boulevard. It is shadow anchored by a 49,000-sf Super Saver grocery center and sits diagonally across the street from the Publix-anchored Alfaya Commons shopping center. In addition to the $6.8-million purchase of the property, Equity assumed the $4.1-million balance on a 5.99% mortgage loan maturing August 2013. The property was 87% leased at the closing.
Sunpoint Shopping Center is a 132,374-sf shopping center on State Road 674/College Avenue. It is anchored by a 30,625-sf Bealls, a 10,356-sf Goodwill and a 9,500-sf Dove Carpets. The property sold for $7.7 million and was 72% leased at the time of closing.
Recommended For You
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
