Acadia Realty Trust has purchased Palm Coast Landing, a 171,352-square-foot, high-performing retail center within an opportunity zone in the Daytona Beach, Fla.–area community of Palm Coast, Fla.
HFF team marketed the property on behalf of the seller, a publicly traded REIT.
Completed in 2008, Palm Coast Landing is the largest, most central and most dominant shopping center in Flagler County, which is about 24 miles north of Daytona Beach.
The center is 96.9 percent leased to a variety of tenants, including anchors Ross Dress for Less, T.J.Maxx, Michaels, PetSmart, Ulta Beauty and Dollar Tree, and is shadow anchored by Super Target. Situated on 21.3 acres at 5200 East Highway 100, Palm Coast Landing is at the epicenter of Town Center at Palm Coast,
