The property is 97% leased and anchored by Publix, which completed a full knock-down/rebuild of its store in 2022, expanding the premises to 48,387 square feet and signing a new 20-year lease term.
Cushman & Wakefield’s Mark Gilbert, Adam Feinstein and Mitchell Halpern will lead marketing for the 563,000-square-foot retail center.
Wayne Ramoski, Mark Gilbert and Miguel Alcivar of Cushman & Wakefield represented the selling partnership in the transaction.
SJC Ventures, in partnership with Nuveen Real Estate, plans to break ground in fall 2024 on the new development that will comprise an 88,938-square-foot mixed-use center, featuring retail stores, restaurants and service-driven businesses.
Mark Gilbert, Adam Feinstein, and Mitchell Halpern of Cushman & Wakefield proudly represented the seller, Aventura Plaza Partners, which has owned and operated the property for several decades.
The 135,000-square-foot shopping center in Pembroke Pines is anchored by Publix Supermarket and Burlington.
Mark Gilbert, Adam Feinstein, and Mitchell Halpern of Cushman & Wakefield represented the seller in the transaction.