JBL buys Flamingo Pines Plaza in Pembroke Pines, FL

JBL buys Flamingo Pines Plaza in Pembroke Pines, FL

Published at: 2017-12-22 15:34 | Author: CIJ USA
The Flamingo Pines Plaza in Pembroke Pines, FL has been sold to JBL Asset Management in a $33.2 million deal. The 139,462 square foot community shopping center is located at at the intersection of Pines Boulevard and Flamingo Road. Trading for $238 per sqf., the center is currently 99 percent leased with anchor tenants including Florida Technical College, USPS, Goodwill, Mattress Firm, Honey Baked Ham, State Farm and Sunrise Medical Group. The Hollywood-based buyer completed the purchase with a $27.25 million mortgage provided by Regions Bank. Holliday Fenoglio Fowler's Eric Williams represented the seller, Weingarten Realty Investors.

“Pembroke Pines’ population density, growth and affluence make it one of the most highly coveted retail submarkets in South Florida,” Williams said. “Flamingo Pines Plaza’s prime location at the heart of the Pines Boulevard retail corridor adjacent to a high-volume Publix and Walmart Supercenter was attractive to investors.”

Similar Stories:

Klein Enterprises acquires two Virginia shopping centers near Richmond
Klein Enterprises has acquired two shopping centers just south of Richmond, Virginia. The  »
Publix opens store at University of South Florida
Publix Super Market has opened its first college campus store at the University of South F  »
Sterling Organization pays $11.65m for Elliot Plaza in Seattle
The Sterling Organization paid $11.65m for a retail center near downtown Seattle. Purchase  »
MetLife buys Shoppes at Isla Verde retail center for $74m
MetLife Investment Management paid $74m for Shoppes at Isla Verde in Wellington, Florida.  »
“It has finally reached the point where it is the fair-haired child of commercial real e   »
The only new enclosed mall on course to open in Florida is The Mall at University Town Cen   »
As Florida pushes ahead of New York to become the third most populous state in the country   »