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ST. PETERSBURG, FLA. — CBRE has arranged the $2.9 million sale of the 67,050-square-foot Town Plaza, a shopping center located at 1846 62nd Ave. N. in St. Petersburg. Mark Shellabarger of CBRE's Tampa, Fla., office represented the undisclosed seller in the transaction. The buyer, a locally-based private investor, plans to renovate the center.