BRADENTON AND COCOA BEACH, FLA. — HFF has closed on the $24.5 million sale of two Publix-anchored centers in Central Florida. The properties include the 120,990-square-foot Beachway Plaza in Bradenton and the 68,577-square-foot Cornerstone Plaza in Cocoa Beach. Beachway Plaza is 84.8 percent leased to tenants such as Bealls Outlet and Staples. Cornerstone Plaza is 86 percent leased to tenants such as Cocoa Beach Realty and Beef O’Brady’s. Danny Finkle and Luis Castillo of HFF represented the seller, Retail Properties of America Inc., in the transaction. In addition to the sale, HFF also arranged $10.1 million in acquisition financing for the purchase of Beachway Plaza. Chip Sykes of HFF arranged the five-year loan through Guggenheim Commercial Real Estate Finance LLC on behalf of the borrower, Atlanta-based Branch Properties LLC.
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