FT. MYERS, FL-The Shops at Verandah, a Publix-anchored shopping center, has sold for an undisclosed amount. The property is 92% leased.

Plaza Advisors Co-Managing Partners Jim Michalak and Anthony Blanco, together with Senior Financial Analyst Lenard Williams, represented the buyer, Delray Beach-based real estate investment firm CR South. The seller, The Shops at Verandah, Ltd., was not represented by a broker.

“The Shops at Verandah is well stabilized with 92% occupancy, which solidifies the fact of how strong Publix is particularly considering that the Southwest Florida housing market has one of the highest vacancy rates in the state,” Michalak tells GlobeSt.com. The sale of the Shops at Verandah marks the third Publix-anchored center Plaza Advisors sold in the past four months.