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PHOENIX — Robert C. Penney has acquired Parkwood Professional Plaza, a 73,514-square-foot medical office plaza in Phoenix, for $3.2 million. The plaza is located at the intersection of 19th Avenue and Missouri Avenue. The property was 40 percent occupied at the time of sale. The new owner plans to implement a capital improvement program before flipping the asset. Nick Miner of ORION Investment Real Estate represented the seller, Parkwood Commercial Properties LLC.