ShopOne Centers REIT in collaboration with its joint venture partners, which consists of a global institutional investor, and Pantheon has acquired two Florida grocery shopping centers that have been seeing some big demand, according to the real estate developer.

Both of the purchases in Lithia Square, Tampa Bay, and Midway Plaza in Miami-Fort Lauderdale, were independent transitions for an undisclosed amount.

The Midway Plaza center spans 218,400 square feet, containing a projected 85,000 to 187,000 residents located within three miles of the spot. The shopping center, which is 84 percent occupied, is headlined by major brands including Publix and Ross Dress for Less, which have served as tenants in the area for three and a half decades. They "continue to generate strong sales and high repeat traffic," ShopOne said in a statement. Plus, 1,600 units of residential developments are planned in the area, which could help drive even more visits.

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