TAMPA, FL—Retail Properties of America (RPAI) just sold off two Florida Publix-anchored shopping centers. Branch Properties grabbed the assets for $24.45 million.
Beachway Plaza in Bradenton, FL sold for $24.45 million. Cornerstone Plaza in Cocoa Beach, FL sold for $10.125 million. HFF senior managing director Danny Finkle and managing director Luis Castillo led the team represented the seller.
“The opportunity to acquire two high-volume, Publix-anchored centers with value creation potential proved to be extremely appealing to investors,” Castillo tells GlobeSt.com. “The response to this offering was tremendous and resulted in a great outcome for RPAI.”
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