MIAMI—The Shoppes at Cresthaven, a grocery-anchored neighborhood center in West Palm Beach, FL, has traded hands. It sold for $12.7 million to a private, New York-based investment group.

Shopping Center Group's team of Anthony Blanco, Lenard Williams, and Mallory Ham represented the seller. The deal marks the seventh Winn Dixie-anchored property sale facilitated the firm has closed in the past two years and the fourth since July.

“This transaction illustrated the strong interest for Winn Dixie-anchored properties, particularly in Florida's major markets,” Blanco, director of investment sales, The Shopping Center Group, tells GlobeSt.com. “Investors are comfortable with these properties that are situated in densely populated areas with very limited prospects for future competition.”