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MIAMI-Principal Life Insurance Co. of Des Moines, IA has sold the 106,343-sf Country Isles Plaza in Weston, FL, to a private investor for $19.92 million or $187.28 per sf.

Terranova Corp. of Miami, which represented the seller, refused to identify the buyer.

The $187.28 per-sf price is believed to be the highest this year for a retail property, local brokers tell GlobeSt.com.

The 100%-leased plaza, located at Indian Trace and Weston Road in Broward County, 23 miles north of Downtown Miami, includes land leases to Publix and Eckerd.

Twenty-six written offers were made on the property, according to a prepared statement from Terranova.

. The sale price jumped $7.3 million since Principal acquired the plaza for $12.6 million just 3 ½ years ago.

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