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TIAA-CREF Sells Shopping Center for $132 per SF

MIAMI-Locally based Saglo Development Corp. pays $13.1 million for the 99,329-sf, 100%-leased neighborhood site at Southwest 152nd St. and 137th Ave.

By David R. Corder | Updated on October 25, 2001

MIAMI-Saglo Development Corp. has acquired the Country Walk Plaza, a 99,329-sf neighborhood retail center at Southwest 152nd Street and 137th Avenue, for $13.1 million from New York-based TIAA-CREF, the country’s largest private pension system.

The Miami Beach-based private investment firm, controlled by Saul Glottman, president, paid $131.88 per sf for a retail plaza that is 100% occupied with two anchor tenants, Publix Supermarket and Eckerd Drugs.

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