Orlando, Fla. — Preferred Apartment Communities (PAC) has acquired Conway Plaza, a 117,705-square-foot shopping center in Orlando.
PAC purchased the assets through its wholly owned subsidiary, New Market Properties LLC. A 37,888-square-foot Publix anchors the center. PAC financed the acquisition using a 10-year, $9.8 million loan from The Prudential Insurance Company of America. The seller and sales price were not disclosed.