ORLANDO—Another Publix-anchored shopping center has traded hands. Alafaya Square, a 175,977-square-foot retail property in the Orlando suburb of Oviedo, FL, has a new owner. Financial terms of the deal were not disclosed.

HFF arranged the sale of the property on behalf of the seller, a partnership between Weingarten Realty Investors and an institutional partner. Epic Real Estate Partners purchased the asset free and clear of existing debt.

“Publix anchored centers continue to be the preferred investment in Florida for retail investors,” HFF senior managing director Brad Peterson, who represented the seller along with associate director Whitaker Leonhardt and real estate analysts Michael Brewster and Anthony Frogameni, tells GlobeSt.com. “The demand by investors for these investments still far outpaces the supply of deals available for sale, and as a result we are still continuing to see cap rates decline on these investments in north & central Florida.”