Search
 

Two Shopping Center Sales Highlight Demand

MIAMI-The sales of the 140,312-sf Palm Aire Marketplace in Pompano Beach and the 343,066-sf Coralwood Shopping Center in Cape Coral, along with other recent sales, indicate strong demand for shopping centers in South Florida, notes one broker.

By Melissa Bogdany | Updated on October 08, 2004

For more retail coverage, click GlobeSt.com/RETAIL.

MIAMI-Cushman & Wakefield’s local office has sold two more shopping centers in South Florida–Palm Aire Marketplace in Pompano Beach and Coralwood Shopping Center in Cape Coral–for a total of approximately $43.4 million.

In a deal negotiated by C & W’s investment sales team of senior director Mark Gilbert and director Adam Feinstein, a joint venture between Kimco Realty Corp., based in New Hyde Park, NY, and DRA Advisors, based in New York City, purchased Palm Aire Marketplace in Pompano Beach. The seller was AMB Property Corp., based in San Francisco. Palm Aire Marketplace consists of 140,312 sf and is anchored by Winn-Dixie Marketplace and Eckerd.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.