In 2023, South Florida witnessed a flurry of significant transactions within its retail real estate sector, cementing its status as a vibrant hub for commercial activity. Among the top shopping center deals, notable acquisitions and developments reshaped the region’s retail landscape. From iconic malls to upscale boutiques, investors and developers eagerly capitalized on the area’s dynamic market.
These transactions not only underscored the enduring appeal of South Florida as a prime destination for retail investment but also hinted at the evolving preferences and trends shaping consumer behavior in the region. Let’s delve into some of the key transactions that defined the retail real estate scene in South Florida during this period.
We put together the list of Top South Florida Retail Real Estate Transactions in 2023. South Florida commercial real estate continues to thrive with multifamily and retail real estate sectors leading the way through 2023 into 2024.
View our commercial properties in Florida to see what real estate assets are available for lease/sale.
Top South Florida Retail Shopping Center Transactions List 2023
1) Retail Property: Shadowood Square
Location: Boca Raton, FL
Price: $88,409,418
Square Footage: 242,418
Price / SF: $365
Seller: Terranova Corporation
Buyer: EDENS
2) Retail Property: Greenery Mall
Location: Kendall, FL
Price: $58,000,000
Square Footage: 220,204
Price / SF: $263
Seller: CoFe Properties
Buyer: Orion Real Estate Group
3) Retail Property: 16000 Pines Market
Location: Pembroke Pines, FL
Price: $56,000,000
Square Footage: 109,735
Price / SF: $510
Seller: Terra Group
Buyer: Apollo Global Management
4) Retail Property: Trail Plaza
Location: Miami, FL
Price: $49,285,000
Square Footage: 181,558
Price / SF: $271
Seller: MetLife, Inc
Buyer: Longpoint Realty Partners
5) Retail Property: Hollywood Fashion Center
Location: Hollywood, FL
Price: $49,000,000
Square Footage: 155,800
Price / SF: $315
Seller: Made Property Investments, LLC
Buyer: Memorial Healthcare System
6) Retail Property: The Stables Shoppes & Commerce Park
Location: Boynton, FL
Price: $41,000,000
Square Footage: 54,821
Price / SF: $748
Seller: Stiles Retail Group
Buyer: Yevgeniy Yermakov
7) Retail Property: Bluffs Square Shoppes
Location: Jupiter, FL
Price: $39,050,000
Square Footage: 123,917
Price / SF: $315
Seller: Sterling Organization
Buyer: BPS Partners LLC
8) Retail Property: 8200 SW 8th Street
Location: Miami, FL
Price: $32,000,000
Square Footage: 25,044
Price / SF: $1,278
Seller: Jorge Cruz
Buyer: Mount Sinai Medical Center
9) Retail Property: Linton Commons
Location: Delray Beach, FL
Price: $28,000,000
Square Footage: 84,551
Price / SF: $331
Seller: Menin Development, Inc
Buyer: Benderson Development Company, Inc
10) Retail Property: The Whale & Star Building
Location: Wynwood, FL
Price: $24,000,000
Square Footage: 27,406
Price / SF: $876
Seller: Philip Levine
Buyer: Whale & Star Wynwood Owner LLC
11) Retail Property: Story Nightclub
Location: Miami Beach, FL
Price: $23,000,000
Square Footage: 35,570
Price / SF: $647
Seller: Lawrence F Kaine
Buyer: Fontainebleau Development
12) Retail Property: 101 NE 40th Street
Location: Design District Miami
Price: $22,000,000
Square Footage: 4,957
Price / SF: $4,438
Seller: ASG Equities, LLC
Buyer: Alo
13) Retail Property: Cypress Run Marketplace
Location: Coral Springs, FL
Price: $21,320,000
Square Footage: 87,817
Price / SF: $243
Seller: Continental Realty Corporation
Buyer: QVH Corporation
14) Retail Property: Town Center at Jensen Beach
Location: Port St Lucie, FL
Price: $17,200,000
Square Footage: 108,826
Price / SF: $158
Seller: PGIM Real Estate
Buyer: Phillips Edison & Company
15) Retail Property: The Shops at Westland
Location: Hialeah, FL
Price: $17,000,000
Square Footage: 153,596
Price / SF: $111
Seller: Seritage Growth Properties
Buyer: Codina Partners
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