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Panama City Crossings – Panama City – Acquired

TCII acquired the Panama City Crossings shopping center located at 845 E 23rd Street, Panama City, FL. The 29,559 SF shopping center is anchored by PetSmart and Chili’s. TCII was able to secure a long-term renewal with Chili’s during due diligence as well as secure a new lease for one of the vacancies immediately increasing the value of the asset before closing.