VICTORY BUYS TWO FLA. SHOPPING CENTERS FOR $34.4M

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FORT WALTON BEACH AND DESTIN, FLA. — Columbus, Ga.-based Victory Real Estate Investments has purchased two shopping centers in Florida in two separate transactions for a total of $34.4 million. Victory bought the 300,194-square-foot Uptown Station, located at 99 Eglin Pkwy. in Fort Walton Beach, from Destin-based Crystal Beach Development for $26.9 million. Winn Dixie, Ross Dress for Less, West Marine and Party City anchor the center, which is 97 percent leased. Chris Abbott of Destin Real Estate Co. represented the seller in the transaction. Additionally, Victory acquired the 84,682-square-foot 98 Palms in Destin for $7.5 million at a foreclosure auction. Winn Dixie anchors the center.

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