Dec 14

Top 25 South Florida Retail Shopping Center Transactions of 2020

2020 was a challenging year for South Florida commercial real estate and for many markets around the country / world, as the economic backlash of the pandemic took hold and affected multiple financial and business sectors globally.

In comparison to last year’s South Florida shopping center transactions, the #1 sale in 2020 is 40% of the transaction value of the top sale in 2019. However, despite not having many major splash sales like the previous years, there were still many high-value retail center transactions in the area.

View our commercial properties in Florida to see what real estate assets are available for lease / sale.

We’ve put together the top shopping center transactions in South Florida for 2020.

Top South Florida Retail Shopping Center Transactions List 2020

1) Retail Property: Coral Sky Plaza

Coral Sky Plaza - Top Shopping Center Transaction 20202

Location: Royal Palm Beach, FL
Price:
$39,500,000
Square Footage:
232,765
Price / SF:
$170
Seller:
Clarion Partners
Buyer: 
Kenneth Silverman

2) Retail Property: Village Green Center

Village Green Center - Top South Florida Shopping Center Transactions 2020

Location: Wellington, FL
Price:
$35,500,000
Square Footage:
81,421
Price / SF:
$436
Seller:
Ward Real Estate
Buyer:
Weingarten Realty Investors

3) Retail Property: Arrigo Dodge Chrysler Jeep Sawgrass

Arrigo Dodge Crysler Jeep Sawgrass - Top South Florida Retail Transactions 2020

Location: Tamarac, FL
Price:
$634,500,000
Square Footage:
240,000
Price / SF:
$144
Seller:
Arrigo Enterprises Inc
Buyer: 
Redwood Capital Investments LLC

4) Retail Property: Arrigo Dodge Chrysler Jeep West Palm Beach

Arrigo Dodge Crysler Jeep West Palm Beach - Top South Florida Retail Transactions 2020

Location: West Palm Beach, FL
Price:
$30,000,000
Square Footage:
122,316
Price / SF:
$245
Seller:
Arrigo Enterprises Inc
Buyer: 
Redwood Capital Investments Inc

5) Retail Property: Civica Center

Civica Center Miami - Top South Florida Shopping Center Transactions 2020

Location: Miami, FL
Price:
$26,000,000
Square Footage:
65,000
Price / SF:
$400
Seller:
Rockpoint Group LLC
Buyer:
Taurus Investment Holdings LLC

6) Retail Property: Alamo Rent-A-Car

Location: Miami, FL
Price:
$24,525,000
Square Footage:
25,571
Price / SF:
$959
Seller:
Bergeron Properties & Investment Corp
Buyer:
Prologis

7) Retail Property: Off Lease Only West Palm Beach

Off Lease Only West Palm Beach - Top Retail Center Transactions 2020

Location: West Palm Beach, FL
Price:
$24,297,953
Square Footage:
44,500
Price / SF:
$546
Seller:
Off Lease Only Inc
Buyer: 
Spirit Realty Capital Inc

8) Retail Property: Riviera Plaza

Riviera Plaza Coral Gables - Top Shopping Center Transactions South Florida 2020

Location: Coral Gables, FL
Price:
$23,000,000
Square Footage:
44,514
Price / SF:
$517
Seller:
Gadinsky Real Estate LLC, Echion USA, 13th Floor Manager LLC
Buyer: 
Public Supermarkets Inc

9) Retail Property: Off Lease Only Fort Lauderdale

Off Lease Only North Lauderdale - Top Retail Transactions South Florida 2020

Location: North Lauderdale, FL
Price:
$22,834,249
Square Footage:
49,413
Price / SF:
$462
Seller: 
Off Lease Only Inc
Buyer:
Spirit Realty Capital Inc

10) Retail Property: Crystal Lake Shopping Center

Crystal Lakes Shopping Center - MMG Sells Shopping Center in Homestead

Location: Homestead, FL
Price:
$22,713,640
Square Footage:
85,873
Price / SF:
$265
Seller: MMG Equity Partners
Buyer: 
Jose Chacalo Hilu

11) Retail Property: Westland Gateway

Westland Gateway Hialeah - Top South Florida Shopping Center Transactions 2020

Location: Hialeah, FL
Price:
$21,000,000
Square Footage:
108,000
Price / SF:
$194
Seller:
Seritage Growth Properties
Buyer: 
CTO Realty Growth Inc

11) Retail Property: Aventura Chrysler Jeep Dodge Ram

Aventura Chrysler Jeep Dodge Ram - South Florida Top Transactions 2020

Location: North Miami Beach, FL
Price:
$21,000,000
Square Footage:
65,517
Price / SF:
$321
Seller:
Alex Kurkin
Buyer: 
PSD Automotive Group

13) Retail Property: Waterways Shoppes I

Waterways Shoppes I - South Florida Retail Transactions 2020

Location: Weston, FL
Price:
$20,450,000
Square Footage:
35,912
Price / SF:
$569
Seller:
Fondo Atlas
Buyer: 
NISA Waterways LLC

14) Retail Property: Best Buy Doral

Best Buy Doral - South Florida Retail Transactions 2020

Location: Miami, FL
Price:
$20,400,000
Square Footage:
45,675
Price / SF:
$447
Seller:
Salomon Hanono
Buyer: 
RK Centers

15) Retail Property: Winn-Dixie South Miami

Winn-Dixie South Miami - Top Florida Retail Transactions 2020

Location: South Miami, FL
Price:
$18,950,000
Square Footage:
20,512
Price / SF:
$924
Seller:
Carthage Real Estate LLC
Buyer: 
Avalon Bay Communities Inc

16) Retail Property: Largo Honda

Largo Honda - Homestead - Top South Florida Retail Transactions 2020

Location: Homestead, FL
Price:
$16,750,000
Square Footage:
180,000
Price / SF:
$93
Seller:
Esserman Automotive Group
Buyer: 
William Lehman Auto Group

17) Retail Property: Young Circle Shopping Center

Young Circle Shopping Center - South Florida Top Shopping Center Transactions 2020

Location: Hollywood, FL
Price:
$15,750,000
Square Footage:
64,574
Price / SF:
$244
Seller:
Regency Centers Corporation
Buyer: 
Westport Capital Partners LLC

18) Retail Property: 1800 Biscayne Plaza

1800 Biscayne Plaza - Top Shopping Center Transactions 2020 South Florida

Location: Miami, FL
Price:
$15,450,000
Square Footage:
20,027
Price / SF:
$771
Seller:
Cervera Real Estate LLC
Buyer: 
Delorean Holdings LLC

19) Retail Property: Dolphin Plaza 

Dolphin Plaza Miami Gardens - South Florida Retail Transactions 2020

Location: Miami Gardens, FL
Price:
$14,450,000
Square Footage:
97,261
Price / SF:
$149
Seller:
Peleg Group (USA) LLC
Buyer: 
Island Associates Real Estate LLC

20) Retail Property: The Paris Theater

The Paris Theater - Miami Shopping Center Transactions 2020

Location: Miami Beach, FL
Price:
$13,000,000
Square Footage:
25,589
Price / SF:
$508
Seller: 
Eugene Rodriguez 
Buyer: 
Mr Hospitality

21) Retail Property: Tesla Palm Beach

Tesla Palm Beach - Top South Florida Shopping Center Transactions 2020

Location: West Palm Beach, FL
Price:
$12,870,000
Square Footage:
23,240
Price / SF:
$554
Seller:
Pebb Enterprises
Buyer:
Hanson & Hanson Builders Inc

22) Retail Property: The Promenade Plaza

Location: Lauderhill, FL
Price:
$12,750,000
Square Footage:
121,773
Price / SF:
$105
Seller:
Mark Alhadeff & Andrew Mirmelli
Buyer: 
Current Capital Real Estate Group

23) Retail Property: Waterway Café

Waterway Cafe - Top Florida Retail Transactions 2020

Location: Palm Beach Gardens, FL
Price:
$12,500,000
Square Footage:
11,354
Price / SF:
$1,101
Seller:
Thomas Smith & Edith Stevenson
Buyer: 
Jill & Scott Yates & Roberto Roybal

24) Retail Property: Chandler Building

Location: Miami Beach, FL
Price:
$12,000,000
Square Footage:
12,379
Price / SF:
$969
Seller:
Meredith Porte Fishman
Buyer: 
Grupo Invivas

25) Retail Property: Village of Naranja Shoppes

Location: Naranja, FL
Price:
$11,650,000
Square Footage:
90,445
Price / SF:
$129
Seller:
FIRC Group, Inc
Buyer: 
Longpoint Realty Partners

Top South Florida Retail Shopping Center Transactions Table 2020

Rank Center Name  Sale Price   SF   Price/SF  Seller Buyer Location
1 Coral Sky Plaza  $   39,500,000     232,765  $            170 Clarion Partners Kenneth Silverman Royal Palm Beach
2 Village Green Center  $   35,500,000        81,421  $            436 Ward Real Estate Weingarten Realty Investors Wellington
3 Arrigo Dodge Chrysler Jeep Sawgrass  $   34,500,000     240,000  $            144 Arrigo Enterprises Inc Redwood Capital Investments LLC Tamarac
4 Arrigo Dodge Chrysler Jeep West Palm Beach  $   30,000,000     122,316  $            245 Arrigo Enterprises Inc Redwood Capital Investments LLC West Palm Beach
5 Civica Center  $   26,000,000        65,000  $            400 Rockpoint Group LLC Taurus Investment Holdings LLC Miami
6 Alamo Rent-A-Car  $   24,525,000        25,571  $            959 Bergeron Properties & Investment Corp Prologis Miami
7 Off Lease Only West Palm Beach  $   24,297,953        44,500  $            546 Off Lease Only Inc Spirit Realty Capital Inc West Palm Beach
8 Riviera Plaza  $   23,000,000        44,514  $            517 Gadinsky Real Estate LLC, Echion USA, 13th Floor Manager LLC Publix Supermarkets Inc Coral Gables
9 Off Lease Only Fort Lauderdale  $   22,834,249        49,413  $            462 Off Lease Only Inc Spirit Realty Capital Inc North Lauderdale
10 Cyrstal Lake Shopping Center  $   22,713,640        85,873  $            265 MMG Equity Partners Jose Chacalo Hilu Homestead
11 Westland Gateway  $   21,000,000     108,000  $            194 Seritage Growth Properties CTO Realty Growth Inc Hialeah
11 Aventura Chrysler Jeep Dodge Ram  $   21,000,000        65,517  $            321 Alex Kurkin PSD Automotive Group North Miami Beach
13 Waterways Shoppes I  $   20,450,000        35,912  $            569 Fondo Atlas NISA Waterways LLC Weston
14 Best Buy Doral  $   20,400,000        45,675  $            447 Salomon Hanono RK Centers Miami
15 Winn-Dixie South Miami  $   18,950,000        20,512  $            924 Carthage Real Estate LLC Avalon Bay Communities Inc South Miami
16 Largo Honda  $   16,750,000     180,000  $               93 Esserman Automotive Group William Lehman Auto Group Homestead
17 Young Circle Shopping Center  $   15,750,000        64,574  $            244 Regency Centers Corporation Westport Capital Partners LLC Hollywood
18 1800 Biscayne Plaza  $   15,450,000        20,027  $            771 Cervera Real Estate Inc Delorean Holdings LLC Miami
19 Dolphin Plaza  $   14,450,000        97,261  $            149 Peleg Group (USA) LLC Island Associates Real Estate Inc Miami Gardens
20 The Paris Theater  $   13,000,000        25,589  $            508 Eugene Rodriguez Mr. Hospitality Miami Beach
21 Tesla Palm Beach  $   12,870,000        23,240  $            554 Pebb Enterprises Hanson & Hanson Builders Inc West Palm Beach
22 The Promenade Plaza  $   12,750,000     121,773  $            105 Mark Alhadeff & Andrew Mirmelli Current Capital Real Estate Group Lauderhill
23 Waterway Café  $   12,500,000        11,354  $        1,101 Thomas Smith & Edith Stevenson Jill & Scott Yates & Roberto Roybal Palm Beach Gardens
24 Chandler Building  $   12,000,000        12,379  $            969 Meredith Porte Fishman Grupo Invivas Miami Beach
25 Village of Naranja Shoppes  $   11,650,000        90,445  $            129 FIRC Group Inc Longpoint Realty Partners Naranja

View Top South Florida Retail Shopping Center Transactions 2019