Retail Value Inc. closed on the sale of the Plaza Palma Real shopping Center in Humacao on Dec. 22, for $50 million prior to closing costs, prorations and other closing adjustments, it announced.

The buyer was undisclosed. The net proceeds were used to repay mortgage debt associated with RVI.

Plaza Palma opened in 1995 and has about 30 retail tenants across the property — anchored by Walmart, Marshalls, Me Salvé and Pep Boys.