$44.85 Million Sale Of Miami Grocery-Anchored Retail Center Closes
The 100-percent-leased Deerwood Town Center is anchored by a strong-performing Fresco y Mas and Home Depot and also includes Amped Fitness, Pet Supermarket and TD Bank.
The 100-percent-leased Deerwood Town Center is anchored by a strong-performing Fresco y Mas and Home Depot and also includes Amped Fitness, Pet Supermarket and TD Bank.
The JLL Capital Markets team representing the seller was led by Director Max La Cava, Senior Managing Director Brian Shanfeld, Managing Directors Jason Dewitt and Luis Castillo and Vice President Steven Okon.
JLL Capital Markets brokered the transaction on behalf of the seller, an investment group from South America.
JLL Capital Markets closed the sale and secured the equity for the 793-unit Modera Academical Village.
An Ares Management Real Estate fund acquired the assets.
The JLL Capital Markets team representing the seller was led by Senior Director Maxx Carney and Managing Director Ike Ojala.
Publix Super Markets, Inc. acquired the center.
The portfolio consists of three waterfront sites, totaling 1.36 acres, each with site plan approval already in-place for the development of a luxury mid-rise condominium with high-end amenities.
JLL represented the seller, Pearlmark, and procured the buyer, CS Ventures.
Class A office rental rates are exceeding $75 gross in Coconut Grove.
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