Equity One has acquired the 111,933-square-foot Venice Shopping Center in Venice, Fla.

The value of the transaction was $6.5 million.

Venice Shopping Center was originally completed in 1968, and was substantially renovated in 2000. The center is situated on 11.3 acres at the intersection of South Tamiami Trail and Palermo Place.

A 44,271-square-foot Publix supermarket, along with Beall’s Outlet, Dollar Tree and Wachovia Bank, anchors the property.

At the time of sale, the property was 91 percent leased.

Equity One is a real estate investment trust that principally acquires, renovates, develops and manages supermarket-anchored shopping centers.

***

Send a Letter to the Editor for publication.
Send a comment or news tip to our newsroom.
Please include the headline of the story.

Show Comments Hide Comments

Comments

Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
Success!
Thank you for subscribing to Morning Headlines.
Back to top