$95M retail sale in Miami

Seller nearly doubles money

A 350,000-square-foot, Publix-anchored shopping center in Miami, Fla., has been sold for $95 million. KIMCO Realty Corp. purchased the property, Flagler Park Plaza, from an unidentified seller who had bought the asset four years ago for $54.3 million. The property, located at 8309 W. Flagler St., also features such retailers as Office Depot, Linens N' Things, JoAnn Fabrics, Michael's, PetSmart, Pep Boys, Big Lots and Walgreens. It was 99.4 percent occupied at the time of sale. ...