MT. DORA, FL-Northbrook, Ill-based Pine Tree Realty has acquired Loch Leven Plaza in an Orlando suburb. GlobeSt.com spoke with Peter Borzak, co-founder and principal of Pine Tree Realty, moments after the deal closed late Friday afternoon.

Publix anchors the Loch Leven Plaza, which opened in March 2010. Publix relocated its store from a shopping center across the street in May after serving the area for 17 years. The grocer takes up 54,340 square feet of space in the 77,000-square-foot plaza. Financial terms of the deal were not disclosed.

"Publix has a 20-year lease at this shopper center," Borzak says. "That makes this a solid deal with very few moving parts and a predictable cash flow. This was the first acquisition we've made in a while. It feels good to be on the offensive again actively looking for new projects."