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JACKSONVILLE,FL-Phillips Edison & Company has sold Pablo Plaza to Equity One for $19.34 million. Equity One also assumed an existing CMBS loan on the 151,660-square-foot retail community center in Jacksonville Beach.

Brad Peterson, managing director of the Miami office of Holliday Fenoglio Fowler (HFF) marketed the property on behalf of Phillips Edison, a privately held real estate company with corporate offices in Cincinnati and Salt Lake City. Peterson tells GlobeSt.com that the center attracted strong interest from the investment community because of high-quality anchor tenants, desirable demographics, and significant barriers to entry surrounding the property.

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