CBRE COMPLETES SALE OF GROCERY-ANCHORED RETAIL CENTER IN DESTIN, FLORIDA

    CBRE COMPLETES SALE OF GROCERY-ANCHORED RETAIL CENTER IN DESTIN, FLORIDA

    Jacksonville, FL – November 8, 2013 – (RealEstateRama) — CBRE’s Capital Markets Group arranged the sale of Plantation Commons, a 121,402-square-foot Class A retail center located at 4495 Commons Drive West, Destin, Florida. Continental Realty Corporation of Baltimore, MD acquired the property for $13.325 million, or $109.76 per square foot. The property was 70.2% occupied at the time of sale. CBRE Senior Vice President Casey Rosen and Senior Vice President Cliff Taylor represented the seller.

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