WATER TOWER SHOPPES SELLS FOR $18.3M

CELEBRATION, FLA. — The 120,000-square-foot Water Tower Shoppes, located at 6070 W. Irlo Bronson Memorial Hwy. in Celebration, has been sold for $18.3 million. Clarion Partners purchased the center, which currently includes SunTrust, Exxon and Chick-fil-A. Clarion, along with Crossman & Co., the development manager and leasing agent for the property, plans to redevelop the center, beginning with the addition of Publix as an anchor tenant.