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Five-Property, 347,478-SF Retail Portfolio Sells

JACKSONVILLE, FL-The 96.8%-occupied portfolio includes three Publix-anchored centers and two Winn Dixie-anchored centers.

By Natalie Keith | Updated on January 30, 2008

JACKSONVILLE, FL-A client of Invesco has acquired a five-property retail portfolio with a total of 347,478 sf from investors advised by Prudential Real Estate Investors. All five assets are in Florida.

The properties in the portfolio included the 67,528-sf Deerwood Lake Commons on Southside Boulevard at Touchtone Road in Jacksonville; the 71,352-sf St. Johns Commons on County Road 210 west of Interstate 95 in St. John County; the 79,590-sf Heath Brook Commons on State Road 200 at Tartan Road in Ocala; the 58,537-sf Westcreek Commons on Hillsboro Boulevard at Lyons Road in Coconut Creek; and the 70,471-sf Park View Square on Miramar Parkway at Southwest 172nd Avenue in Miramar. The acquisition price was not released.

Deerwood Lake Commons, Heath Brook Commons and Westcreek Commons are anchored by a Publix supermarket. St. Johns Commons and Park View Square are anchored by a Winn-Dixie. The occupancy for the portfolio at the time of the sale was 96.8%.

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