Saul paid Seabreeze Associates $25.88 million, or $176.38 persf, for the 145,000-s, 100%-leased Seabreeze Plaza in Palm Harbor.The 19-year-old, Publix-anchored property facing the Gulf of Mexicois 10 miles east of Downtown Tampa.

Saul Centers assumed an existing mortgage of $13.6 million inthe acquisition, according to Saul's Scott V. Schneider. The loanmatures in May 2014 and has a fixed-interest rate of 5.28%amortized over 25 years. AllState Life Insurance Co. provided SeabreezeAssociates with a $14-million, permanent loan in 2004, asGlobeSt.com previously reported. Seabreeze Associates had owned theshopping center since it was developed in 1986.

The Maryland REIT previously paid Sun Life Assurance Co. ofCanada $14.83 million, or $153.79 per sf, for the 96,400-sf,96.4%-leased Jamestown Place at StateRoad 434 and Jamestown Boulevard in suburban Altamonte Springs,seven miles north of Downtown Orlando, as GlobeSt.com previouslyreported. A 55,000-sf Public Supermarket anchors the 19-year-oldproperty.

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