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JACKSONVILLE-The North American Development Group, a Toronto-based company with its US headquarters in Palm Beach Gardens, purchased two retail properties in Florida. The first was a 42,448-square-foot, Publix-anchored shopping center in Jacksonville, for which it paid $8.7 million. The sale was not an arms-length transaction, according to the Duval County property records. The second purchase was an 18.5-acre-parcel in Vero Beach, for an undisclosed sum. The developer is planning to build a Publix shopping center at this site as well.


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