TAMPA, FL—Retail Properties of America (RPAI) just sold off twoFlorida Publix-anchored shopping centers.Branch Properties grabbed the assets for $24.45million.

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Beachway Plaza in Bradenton, FL sold for $24.45 million.Cornerstone Plaza in Cocoa Beach, FL sold for $10.125 million.HFF senior managing director DannyFinkle and managing director LuisCastillo led the team represented the seller.

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“The opportunity to acquire two high-volume, Publix-anchoredcenters with value creation potential proved to be extremelyappealing to investors,” Castillo tells GlobeSt.com. “The responseto this offering was tremendous and resulted in a great outcome forRPAI.”

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Beachway Plaza is located at the intersection of Manatee AvenueWest and 75th Street West in Bradenton with a daily traffic countof more than 29,000 cars. Built in 2004, the 120,990-square-footcenter is 84.8% leased to tenants including Publix, Bealls Outlet,and Staples.

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Renovated most recently in 2004, Cornerstone is located at theintersection of
North Atlantic Avenue and South Shepard Drive in Cocoa Beach. The68,577-square-foot property sits on 8.33 acres and is 86% leased totenants including Publix, Cocoa Beach Realty, and Beef 'O'Brady's.

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HFF arranged five-year acquisition financing on behalf of thebuyer for Beachway through Guggenheim Commercial RealEstate Finance. HFF director Chip Sykesled the debt placement team for the buyer.

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