MIAMI—The Sunshine State Portfolio, a group of five high-quality grocery-anchored neighborhood shopping centers in south, central, and north Florida spanning 347,478 square feet, has traded hands. The sale price was $64 million.

Phillips Edison-ARC Shopping Center REIT acquired the properties. CBRE's Casey Rosen, Dennis Carson, and Cliff Taylor represented the undisclosed seller.

“The buyer was looking for high-quality neighborhood shopping centers, and the Sunshine State Retail Portfolio fit these criteria perfectly,” says CBRE senior vice president Rosen of the firm's National Retail Investment Group. “These assets have proven track records and are very well positioned for long-term-success in their trade.”

Three of the retail centers in the portfolio are anchored by Publix. Two are anchored by Winn-Dixie. The portfolio is 92.7% leased.

The Publix-anchored properties are: Deerwood Lake Commons at 4320 Deerwood Lake Parkway in Jacksonville; Heath Brook Commons at 5400 SW College Road in Ocala; and West Creek Commons at 4760 West Hillsboro Boulevard in Coconut Creek. The two properties anchored by Winn-Dixie “transformational remodel” stores are: Park View Square at 17051-17173 Miramar Parkway in Miramar; and St. Johns Commons at 2220 CR 210 West in Jacksonville.