FORT LAUDERDALE, FL-Kimco Realty is parting with some of its South Florida retail portfolio. The company disposed of two neighborhood shopping centers in August.
David Donnellan and Todd Weintraub of CB Richard Ellis' Private Capital Group, along with Dennis Carson from CBRE’s National Retail Investment Group, represented the seller in both transactions. MYA Properties LLC acquired Riviera Square in Riviera Beach and Sample Plaza in Pompano Beach for an undisclosed price.
“The sale of these two centers highlights the continued demand for well situated South Florida retail properties among investors,” Anthony Blanco, managing partner at Plaza Advisors, tells GlobeSt.com. “Both assets benefit from the draw of a grocery store anchor—Winn Dixie is a shadow-anchor at Riviera Square—and their position in their respective trade area is well sheltered from future competition.”
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