(Carl Cronan is editor of Real EstateFlorida.)

JACKSONVILLE, FL-Cash is still king when it comes to retailproperty acquisitions, as evidenced by the $5.9-million sale ofVillage Shopping Center here. Greenacres-based Noble Management Co.bought the majority of the 20-year-old asset from BG Village LLC,an affiliate of Beachwood, OH-based Developers Diversified RealtyCorp.

Plaza Advisors representing both parties in the all-cash deal.The purchase does not include a separately owned Publix supermarketthat makes up roughly 45% of the 135,453-square-foot center.

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