HFF Negotiates Sale of 171,352 SF Shopping Center Near Daytona Beach

PALM COAST, FLA. — HFF has negotiated the sale of Palm Coast Landing, a 171,352-square-foot retail center in Palm Coast. Palm Coast Landing is shadow-anchored by Target and was 97 percent leased at the time of sale to tenants including Ross Dress for Less, TJ Maxx, Michaels, PetSmart, Ulta Beauty and Dollar Tree. The property is situated within an opportunity zone about 23 miles north of downtown Daytona Beach. Brad Peterson, Daniel Finkle, Whitaker Leonhardt and Ryan Stoffer of HFF represented the seller, an undisclosed, publicly traded REIT, in the transaction. Acadia Realty Trust acquired the center for an undisclosed amount.