Naples, Fla. — Investment Properties Corp. has arranged the $25.5 million sale of 50,000 square feet of street-level retail and office space located at 800 and 821 5th Ave. S. in downtown Naples.
Cincinnati — Cincinnati-based Phillips Edison Grocery Center REIT II Inc. has acquired six grocery-anchored shopping centers totaling more than 650,000 square feet in California, Wisconsin and Florida.
Delray Beach and Boynton Beach, Fla. — Franklin Street and Neal Realty & Investments Inc. have arranged the purchase of two shopping centers in Palm Beach County totaling $9.1 million.
North Fort Myers, Fla. — RD Management LLC has acquired Merchants Crossing, a 323,061-square-foot power center located in North Fort Myers, for $20.5 million.
Cincinnati, Ohio — Cincinnati-based Phillips Edison Grocery Center REIT II Inc. has acquired two grocery-anchored shopping centers located in Florida and South Carolina.