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CORAL SPRINGS, FL-A partnership of West Palm Beach-based Kitson & Partners and New York-based Morgan Stanley has acquired the 143,235-sf Ramblewood Square shopping center at the northeast corner of University Drive and Ramblewood Drive for $33 million.

The seller of the property was Invesco Real Estate, which was represented by Casey Rosen, Anthony Blanco and Michael DeGuzman, of Miami-based Blackrock Retail Property Advisors.

Built in 1989, Ramblewood Square is anchored by a Publix supermarket and was 90.4% leased at the time of the sale. The partnership acquired the center to fulfill a 1031 exchange. "The property is in a phenomenal location adjacent to the Coral Square Mall," Blanco tells GlobeSt.com. "It features one of the best performing Publix in Coral Springs."