Equity One bags Venice Shopping Center

Equity One has acquired the 111,933-square-foot Venice Shopping Center in Venice, Fla.

The value of the transaction was $6.5 million.

Venice Shopping Center was originally completed in 1968, and was substantially renovated in 2000. The center is situated on 11.3 acres at the intersection of South Tamiami Trail and Palermo Place.

A 44,271-square-foot Publix supermarket, along with Beall’s Outlet, Dollar Tree and Wachovia Bank, anchors the property.

At the time of sale, the property was 91 percent leased.

Equity One is a real estate investment trust that principally acquires, renovates, develops and manages supermarket-anchored shopping centers.