PALM BEACH GARDENS-Menin Development Cos. Inc. has purchased another South Florida shopping center and plans to start construction later this year on two local projects: a 335,000-sf mixed use regional shopping center and a 200,000-sf expansion to another shopping center.

Jupiter, FL-based Menin Development Cos. bought PGA Plaza, a 113,000-sf shopping center in Palm Beach Gardens, FL, for more than $18 million from W.G. Lassiter Jr. and Aneice Lassiter of South Florida. The Boca Raton, FL, office of AmSouth Bank provided the acquisition financing, led by Jeffrey I. Shulman.

PGA Plaza, located at PGA Boulevard and Prosperity Farms Road, is anchored by Marshalls, Pier 1, Eckerd, Washington Mutual and SunTrust Bank. With only about 1,950 sf available, the occupancy of the plaza is approximately 98.3% occupied.

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