2018 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, especially Publix-anchored, are prevalent in the top acquisitions around the state, which is a good indication of resilience despite prevalent changes in consumer habits due to the growing presence of e-commerce.
The following is a list of South Florida’s Top Shopping Center Transactions of 2018.
1) Pines City Center – $80,000,000![Pines City Center Pembroke Pines Florida](https://mmgequitypartners.com/wp-content/uploads/2019/01/Pines-City-Center-Pembroke-Pines-Florida-1024x682.jpg)
Buyer: TA Realty
2) Downtown Dadeland – $78,200,000![Downtown Dadeland Miami Florida](https://mmgequitypartners.com/wp-content/uploads/2001/01/Downtown-Dadeland-Miami-Florida-1024x660.jpg)
Buyer: Midtown Realty Group
3) Shoppes at Isla Verde – $73,750,000![Shoppes at Isla Verde Wellington Florida](https://mmgequitypartners.com/wp-content/uploads/2019/01/Shoppes-at-Isla-Verde-Wellington-Florida.jpg)
Location: Wellington, FL
4) Doral Commons – $71,600,000![Doral Commons Publix Doral Florida](https://mmgequitypartners.com/wp-content/uploads/2019/01/Doral-Commons-Publix-Doral-Florida-1024x768.jpg)
Buyer: Jamestown
5) Festival Flea Market Mall – $56,000,000![Festival Flea Market Mall Pompano Florida](https://mmgequitypartners.com/wp-content/uploads/2019/01/Festival-Flea-Market-Mall-Pompano-Florida.png)
Buyer: IMC Equity Group
6) The Fountains of Miramar – $40,000,000![The Fountains at Miramar Florida](https://mmgequitypartners.com/wp-content/uploads/2019/01/The-Fountains-at-Miramar-Florida-1024x487.jpg)
Buyer: Stockbridge Capital
7) Neapolitan Way – $37,800,000![Neopolitan Way Publix Naples Florida](https://mmgequitypartners.com/wp-content/uploads/2019/01/Neopolitan-Way-Publix-Naples-Florida-1024x446.jpg)
Size: 137,626 SF
Location: Naples, FL
8) Vista Shopping Center – $34,500,000![Vista Shopping Center Hialeah Florida](https://mmgequitypartners.com/wp-content/uploads/2001/01/Vista-Shopping-Center-Hialeah-Florida.jpg)
Size: 91,191 SF
Location: Hialeah, FL
9) Southgate Shopping Center – $28,000,000![Southgate Shopping Center New Port Richey Florida](https://mmgequitypartners.com/wp-content/uploads/2019/01/Southgate-Shopping-Center-New-Port-Richey-Florida.jpg)
Location: New Port Richey, FL
10) Magnolia Shoppes – $23,200,000![Magnolia Shoppes Coral Springs Florida](https://mmgequitypartners.com/wp-content/uploads/2001/01/Magnolia-Shoppes-Coral-Springs-Florida.png)
Location: Coral Springs, FL
11) Village Shoppes on 441 – $20,550,000![Village Shoppes on 441 Royal Palm Beach Florida](https://mmgequitypartners.com/wp-content/uploads/2019/01/Village-Shoppes-on-441-Royal-Palm-Beach-Florida-1024x668.jpg)
Location: Palm Beach, FL
12) Shoppes of Loggers Run – $18,500,000![Shoppes of Loggers Run Coral Springs Florida](https://mmgequitypartners.com/wp-content/uploads/2001/01/Shoppes-of-Loggers-Run-Coral-Springs-Florida-1024x683.jpg)
Location: Coral Springs, FL
13) Okee Square – $18,400,000
![Okee Square West Palm Beach Florida](https://mmgequitypartners.com/wp-content/uploads/2001/01/Okee-Square-West-Palm-Beach-Florida.jpg)
14) The Enclave Shops at Coral Ridge – $17,875,000![The Enclave Shops at Coral Ridge Florida](https://mmgequitypartners.com/wp-content/uploads/2019/01/The-Enclave-Shops-at-Coral-Ridge-Florida.jpg)
Location: Ft Lauderdale, FL
15) Delray Commons – $17,000,000![Delray Commons Delray Beach Florida](https://mmgequitypartners.com/wp-content/uploads/2019/01/Delray-Commons-Delray-Beach-Florida.jpg)
Location: Delray Beach, FL
16) Beachway Plaza – $15,600,000![Beachway Plaza Dania Beach Florida Publix](https://mmgequitypartners.com/wp-content/uploads/2019/01/Beachway-Plaza-Dania-Beach-Florida-Publix-1024x731.jpg)
Location: Dania Beach, FL
17) Tequesta Shoppes – $14,300,000![Tequesta Shoppes Tequesta Florida](https://mmgequitypartners.com/wp-content/uploads/2019/01/Tequesta-Shoppes-Tequesta-Florida.jpg)
Buyer: Noble Properties
18) Jupiter Farms Shopping Center – $12,400,000![Jupiter Farms Shopping Center Jupiter Florida](https://mmgequitypartners.com/wp-content/uploads/2019/01/Jupiter-Farms-Shopping-Center-Jupiter-Florida-1024x662.jpg)
Price/ SF: $147
19) Gateway Center – $11,850,000![Gateway Center Sample Rd Florida](https://mmgequitypartners.com/wp-content/uploads/2019/01/Gateway-Center-Sample-Rd-Florida-1024x683.jpg)
Buyer: R/S Associates of Florida
20) Pinecrest Center – $9,725,000![Pinecrest Center Pinecrest Florida](https://mmgequitypartners.com/wp-content/uploads/2001/01/Pinecrest-Center-Pinecrest-Florida-1024x683.jpg)
Buyer: MMG Equity Partners
21) Target Lauderhill – $9,000,000![Target Lauderhill Lauderhill Florida](https://mmgequitypartners.com/wp-content/uploads/2001/01/Target-Lauderhill-Lauderhill-Florida.jpg)
Buyer: Three Amigos Lauderhill (MMG, Global Fund Investments, & The Estate Companies)
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