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JACKSONVILLE, FL—Consolidated-Tomoka Land Co. announced the purchase of The Strand, an approximately 212,000-square-foot shopping center in Jacksonville, Florida for $62.7 million. The Strand is 95% occupied and has four anchor tenants: Hobby Lobby, Best Buy, 2nd & Charles and the PGA Superstore.
Mark E. Patten, Consolidated-Tomoka's SVP and CFO, tells GlobeSt.com that the seller was not disclosed. He describes the property as a great value.
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