Cincinnati shopping center trust buys Heron Creek Towne Center

By Business Observer Staff
| 8:45 a.m. February 1, 2013
| 0 Free Articles Remaining!

Tampa Bay-Lakeland

BUYER: Heron Creek Station LLC (principal: Phillips Edison), Cincinnati
SELLER: Heron Creek 3S LLC
PROPERTY: 1289 S. Sumter Blvd., North Port
PRICE: $8.65 million
PREVIOUS PRICE: $7.4 million, January 2003
LAW FIRM ON DEED: Honigman Miller Schwartz and Cohn LLP

PLANS, DESCRIPTION: Cincinnati-based Phillips Edison-ARC Shopping Center REIT Inc. purchased the 64,664-square-foot Heron Creek Towne Center for $8.65 million.

The price equated to $134 per square foot.