DESTIN, FL—The Shoppes at Paradise Isle, a 171,837-square-foot retail power center in Destin, FL, has a new owner. Stoltz Real Estate Partners‘ fifth US diversified fund acquired the retail asset for $32.8 million free and clear of existing debt.

HFF marketed the property on behalf of the seller, Weingarten Realty Investors.  HFF senior managing director Brad Peterson and associate director Whitaker Leonhardt brokered the deal.

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