Miami REIT bags retail centers

Florida, South Carolina properties fully leased at time of sale

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Atlanta-based Spectrum Realty Advisors has arranged the sale of Publix-anchored shopping centers totaling 137,332 square feet in Panama City Beach, Fla., and Greenville, S.C. The total value of the transactions was $15.6 million. In Panama City, Fla., Spectrum brokered the sale of Publix at Middle Beach, a 69,277-square-foot shopping center that is fully leased and located on Hutchison Road. In Greenville, S.C., Spectrum arranged the sale of Publix at Woodruff, a 68,055-square-foot, fully leased shopping center in an established retail corridor on Woodruff Road. In both transactions, Spectrum's Joe Montgomery and Katherine Isakson represented seller Jamestown, an Atlanta-based real estate investment firm. Equity One, a Miami-based REIT, was the buyer. Spectrum Realty Advisors and Spectrum Cauble Management provide leasing, property management, development, tenant representation and investment property brokerage services throughout the southeastern United States. *** Send a Lett...