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Shops at Sunset Place Sells for $110M

MIAMI—"With the right vision, balanced approach and creative thinking…”

By Jennifer LeClaire | Updated on October 01, 2015

MIAMI—The Shops at Sunset Place, a 515,000-square-foot, mixed-use center in South Miami, has traded hands. Federal Realty Investment Trust acquired an 85% interest in the retail asset based on a gross value of $110.2 million.

The transaction includes the assumption of an existing $70.8 million mortgage with an interest rate of 5.6% and maturity date of September 2020. The trust has acquired the property with local market partners Grass River Property and The Comras Company.  

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