PGIM Real Estate has sold a grocery shopping portfolio for $223.85 million, scattered across multiple Florida markets to an undisclosed buyer.
They are located in Royal Palm Beach, Davie, Kissimmee, Lake Worth, and Fort Myers. In total, the portfolio hosts seven properties, spanning 608,314 square feet of retail space. Occupancy stood at 97 percent, across the entire portfolio.
JLL represented PGIM on the sale to help secure the purchaser. It's unclear what specific grocery stores and/or shopping centers PGIM has sold.
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