ORLANDO AND COCOA BEACH, FLA. — The Shopping Center Group has finalized the sale of two central Florida shopping centers totaling $10.8 million. The properties include a Starbucks Coffee-anchored retail center near Walt Disney World Resort that sold for $3.3 million. The property is fully leased to tenants such as Subway, Tennis Plaza and three local businesses. The Shopping Center Group represented the seller, an affiliate of Tiforp Development, in the sale to a foreign investor. The Cocoa Beach property is a Publix-anchored neighborhood center that sold for $7.5 million. The property, known as Banana River Square, is 89 percent leased and is located in Cocoa Beach’s Space Coast neighborhood. The Shopping Center Group represented the seller, an affiliate of Columbus, Ga.-based Victory Real Estate Investments, in the transaction. An affiliate of Publix Supermarkets Inc. purchased the property. The two transactions bring The Shopping Center Groups’s Florida investment division’s total aggregate volume for 2013 to $130 million.
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