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ORLANDO—H&R REIT snapped up Regency Village, an 83,167-square-foot shopping center, for $16 million. Cohen Commercial Properties sold the retail asset in an off market deal. The sale price was in line with other recent Publix-anchored retail deals that have traded in Central Florida. Michael Cleeman, vice president of Cohen & Company, represented H&R REIT. Helen Putterman, president of Cohen & Company, represented Cohen Commercial Properties. H&R REIT recently acquired four Publix-anchored retail properties in the Central Florida area.

“This transaction showed great confidence in the Orlando retail market that has seen a strong comeback in tourism over the past year with over 55 million tourists,” Cleeman tells GlobeSt.com. “The property’s location across from the Orlando premium outlets—which recently announced a 100,000-square-foot expansion—and a high sales volume Publix will keep this property successful for many years to come.”

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