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Sweetbay-Anchored Shopping Center Commands $10M

ORLANDO-HFF's Brad Peterson tells GlobeSt.com's Jennifer LeClaire the sale demonstrates that investors are looking beyond Publix centers.

By Jennifer LeClaire | Updated on June 19, 2012

ORLANDO—Publix-anchored shopping centers are all the rage, but that doesn’t mean other grocery stores aren’t attracting investor attention in the quest for income-producing retail. Venice Pines Shopping Center proves the point.

HFF just closed the sale of Venice Pines Shopping Center, a 97,300-square-foot retail center in Venice, Fla., for $10.35 million. HFF senior managing directors Brad Peterson and Doug Hazelbaker marketed the property on behalf of the seller, Weingarten Realty Investors. J.S. Karlton Company Inc. purchased the property free and clear of debt.

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