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FERNANDINA BEACH, FL-Yulee Junction, a newly built, 28,714-sf,80%-leased strip shopping center in the North Florida resortcorridor, has generated a premium price of $4.95 million, or$172.39 per sf, for Jacksonville owner LandAmerica Exchange Co. Aprivate Jacksonville investors purchased the property which isabout 150 miles northeast of Downtown Orlando.

Orlando-based Pocklington, Pocklington & Forster RetailInvestment Group, which focuses on retail properties sized up to85,000 sf, represented buyer and seller. Pocklington Group broughtthe buyer to the seller. "We set the bar high and were able togenerate a premium price for the seller, while delivering a brandnew asset in an emerging market, with strong future value for thebuyer," says group principal Mike Pocklington.

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