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
Size: 393,542 SF
Buyer: InvenTrust Properties Corp.
2) Promenade Shopping Plaza- $49,250,000
Size: 202,682 SF
Buyer: TH Real Estate
3) Royal University Plaza- $48,000,000
Size: 115,000 SF
Buyer: Zurich Alternative Asset Management, LLC
Location: Coral Springs
4) Mirasol Walk- $38,858,479
Size: 116,000 SF
Location: Palm Beach Gardens
5) Country Club Plaza- $34,250,000
Size: 100,878 SF
Buyer: Jamestown, L.P.
6) Shoppes at Boca Greens- $33,270,000
Size: 109,228 SF
Location: Boca Raton
7) Village of Oriole Plaza- $31,750,000
Size: 131,426 SF
Buyer: Atlantic Avenue Realty Associates
8) Old Cutler Towne Center- $31.5 Million
Size: 106,427 SF
Location: Miami
9) Pompano Plaza Publix- $29,600,000
Size: 126,928 SF
Location: Pompano Beach
10) Las Olas Riverfront- $29,100,00
Size: 244,667 SF
11) Lakeview Shopping Center- $25,450,000
Size: 79,060 SF
Buyer: Publix Super Markets Inc.
12) LA Fitness Plaza- $25,000,000
Size: 105,453 SF
Location: Palm Beach Gardens
13) Kendall Corners– $24,985,521
Size: 62,514 SF
Location: Miami
14) Harbor Beach Plaza- $24,000,000
Size: 60,000 SF
Location: Ft Lauderdale
15) Nordstrom Rack- $21,558,723
Size: 36,000 SF
Buyer: PGIM Real Estate
Attached please find information on 20 acre development site in the CENTER of the Villages, Wildwood, Fl. The Villages new expansion is well under way and approved for 70,000+ new homes. They are on pace to build and sell 6,000 homes per year and are spending all of their $300M CDD.
Prime location for Neighbor Shopping Center with out-parcels, ALF, Hotel, Senior Housing, Office Medical, Multi-Family or Mix-Use.
Available for Sale, Ground Lease or Seller Financing.
Hello John,
Could you please email me the attachment you mentioned: dartiola at inmotionrealestate.com?
Thanks for your time!