DAYTONA BEACH, FL-Cole Real Estate is maintaining its reputation as one of the most active buyers in today’s market with the acquisition of two Florida shopping centers. Cole snapped up two multi-tenant shopping centers in separate transactions for a grand total of $47 million invested.

Those properties are Volusia Square in Daytona Beach and Breakfast Point Marketplace in Panama City Beach. Cole purchased Volusia Square from Retail Planning Corporation for $31 million and Breakfast Point Marketplace from Columbia Properties for $16 million.

Tom Falatko, vice president of acquisitions, represented Cole in the Volusia Square transaction, and Brad Peterson of HFF represented Retail Planning Corporation. Clint Marchuk, director of acquisitions, represented Cole in the Breakfast Point Marketplace transaction, and CB Richard Ellis’ Chris Decoufle, Cliff Taylor and Kevin Reavey represented Columbia Properties.