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COLE REAL ESTATE BUYS RETAIL CENTER PORTION FOR $31 MILLION IN FLORIDA

DAYTONA BEACH, FLA. — Cole Real Estate Investments has purchased a portion of Volusia Square, a 349,544-square-foot retail community center in Daytona Beach. Atlanta-based Retail Planning Corp. sold the space for $31 million. The acquired portion totals 22.4 acres and is located at 2455 W. International Speedway Blvd. The property, which was renovated in 2010, was 97.6 percent occupied at the time of closing. Brad Peterson of Holliday Fenoglio Fowler represented the seller in the transaction.

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