The properties in the portfolio included the 67,528-sf DeerwoodLake Commons on Southside Boulevard at Touchtone Road inJacksonville; the 71,352-sf St. Johns Commons on County Road 210west of Interstate 95 in St. John County; the 79,590-sf Heath BrookCommons on State Road 200 at Tartan Road in Ocala; the 58,537-sfWestcreek Commons on Hillsboro Boulevard at Lyons Road in CoconutCreek; and the 70,471-sf Park View Square on Miramar Parkway atSouthwest 172nd Avenue in Miramar. The acquisition price was notreleased.

Deerwood Lake Commons, Heath Brook Commons and Westcreek Commonsare anchored by a Publix supermarket. St. Johns Commons and ParkView Square are anchored by a Winn-Dixie. The occupancy for theportfolio at the time of the sale was 96.8%.

CB Richard Ellis senior vice president Casey Rosen, senior vicepresident Dennis Carson, and financial analyst Andrea Stavarepresented the sellers. Rosen tells that the sellerhas a three- to seven-year time frame for holding assets anddecided it was time to sell the portfolio. "They had achieved whatthey wanted out of the properties," Rosen says. "The buyer was ableto amass a diverse portfolio of high-quality assets."

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