JLL Capital Markets organized the sale of the 205,853-square-foot property.
Core Funding Administration has acquired Deerwood City Middle, a 205,853-square-foot retail middle in Miami. The developer of the grocery- and residential improvement-anchored asset, Courtelis, bought it for $44.9 million. JLL Capital Markets organized the deal.
Accomplished in 1985, Deerwood City Middle was absolutely leased on the time of the sale, anchored by Fresco y Mas and House Depot. Different tenants embrace Pet Grocery store, TD Financial institution and Amped Health, which just lately signed a lease to occupy 18,000 sq. ft on the property.
Situated at 12095 SW 152nd St., Deerwood City Middle is on the northeast nook of Coral Reef Drive and SW 122nd Avenue inside southwest Dade County. The retail middle is roughly 18 miles from downtown Miami and has direct entry to the Florida Turnpike. Richmond Heights and Palmetto Estates are within the surrounding space, with Zoo Miami simply throughout the property.
The JLL Capital Markets staff included Senior Managing Director Dan Finkle, Senior Director Eric Williams and Vice President Kim Flores.
Williams mentioned in ready remarks that there’s rising curiosity for ethnic grocers equivalent to Deerwood City Middle. Just lately, a Walmart-anchored retail middle modified palms in metro Miami and was acquired by an affiliate of Investments Restricted for $17 million. In keeping with a current JLL report, retail fundamentals are nonetheless sturdy, regardless of the challenges posed by inflation, which haven’t but had a big impact on client habits.
