Top 15 South Florida Shopping Center Transactions of 2017

Jan 15
Top 15 South Florida Shopping Center Transactions of 2017

2017 ended up being a very successful year for the South Florida commercial real estate market. Various factors contributed to the upbeat trends, including: foreign investments, the development of new properties, and major acquisitions across the region.

These are positive signs, as even with changes in the retail market (such as the increased presence of e-commerce around the country), there are still people looking to acquire and invest in retail. Grocery-anchored shopping centers are prevalent in the top acquisitions around the state, which is a good indication of resilience despite prevalent changes in consumer habits across the board.

The following is a list of South Florida’s Top Shopping Center Transactions of 2017.

1) Paraiso Parc & Westfork Plaza- $163 Million

 Paraiso Parc and Westfork Plaza

Size:
393,542 SF
Sellers: DRA Advisors & Woolbright Development
Buyer: InvenTrust Properties Corp.
Location: Pembroke Pines

2) Promenade Shopping Plaza- $49,250,000

Promenade Shopping Plaza Palm Beach

Size:
202,682 SF
Seller: Woolbright Development, Inc.
Buyer: TH Real Estate
Location: Palm Beach Gardens

3) Royal University Plaza- $48,000,000

Royal University Plaza Coral Springs

Size:
115,000 SF
Seller: CREX
Buyer: Zurich Alternative Asset Management, LLC
Location: Coral Springs

4) Mirasol Walk- $38,858,479

Mirasol Walk Palm Beach

Size:
116,000 SF
Seller: TA Realty
Buyer: Real Sub, LLC
Location: Palm Beach Gardens

5) Country Club Plaza- $34,250,000

Country Club Plaza Miami Gardens

Size:
100,878 SF
Seller: RREEF Management, LLC
Buyer: Jamestown, L.P.
Location: Miami Gardens

6) Shoppes at Boca Greens- $33,270,000


Size:
109,228 SF
Seller: Cohen Real Estate
Buyer: Northbridge Investment Management Inc.
Location: Boca Raton

7) Village of Oriole Plaza- $31,750,000

Village at Oriole Plaza

Size:
131,426 SF
Seller: Clarion Partners
Buyer: Atlantic Avenue Realty Associates
Location: Delray Beach

8) Old Cutler Towne Center- $31.5 Million

Old Cutler Towne Center

Size:
106,427 SF
Sellers: TA Realty
Buyer: Cutler Plaza, LLC
Location: Miami

9) Pompano Plaza Publix- $29,600,000

Pompano Plaza Publix

Size:
126,928 SF
Seller: Greer Properties Inc.
Buyer: ECHO Real Estate Services Co.
Location: Pompano Beach

10) Las Olas Riverfront- $29,100,00

Las Olas Riverfront

Size:
244,667 SF
Seller: Merrimac Ventures
Buyer: Property Markets Group, Inc.
Location: Ft Lauderdale

11) Lakeview Shopping Center- $25,450,000

Lakeview Shopping Center

Size:
79,060 SF
Seller: AEW Capital Management
Buyer: Publix Super Markets Inc.
Location: Coral Springs

12) LA Fitness Plaza- $25,000,000

LA Fitness Plaza Palm Beach Gardens

Size:
105,453 SF
Seller: Barings Real Estate Advisers LLC
Buyer: Fondo Atlas
Location: Palm Beach Gardens

13) Kendall Corners– $24,985,521

Kendall Corners Miami

Size
: 62,514 SF
Seller: Orion Real Estate Group
Buyer: MMG Equity Partners
Location: Miami

14) Harbor Beach Plaza- $24,000,000

Harbor Beach Plaza Ft Lauderdale

Size:
60,000 SF
Seller: Dettman Properties
Buyer: Tavistock Group
Location: Ft Lauderdale

15) Nordstrom Rack- $21,558,723

Nordstrom Ft Lauderdale

Size:
36,000 SF
Seller: Halvorsen Holdings, LLC
Buyer: PGIM Real Estate
Location: Ft Lauderdale


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