ORLANDO—Pearl Britain Plaza in northeast Ocala, FL, has traded hands. The sale price: $4.44 million.
Mark Thompson, managing director at Crossman & Company, represented the seller, Pearl Britain Development of Troy, MI. A private investor from Coral Gables, FL acquired the retail asset. The 82,216-square-foot Publix-anchored retail center sits on an 18.5-acre site.
"This was a unique value-added Publix with 70% vacancy in the shop space," says Thompson. "Our campaign process generated over 100 authorized confidentiality agreements and several offers for the property. A private investor from South Florida delivered a non-refundable day-one offer to close the deal."
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