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CR SOUTH ACQUIRES 73,000-SQUARE-FOOT RETAIL CENTER IN FLORIDA

FORT MYERS, FLA. — CR South, an affiliate of Baltimore-based Continental Realty Corp., has acquired The Shops at Verandah, a neighborhood shopping center in Fort Myers. Located at 11851 Palm Beach Blvd., the 73,000-square-foot center is currently 93 percent leased and occupied by 19 tenants, including Publix, Allstate Insurance, Beef O'Brady's, H&R Block and RE/MAX. The acquisition price and seller were not released.

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