The Avenue Viera. Picture courtesy of WS Improvement
WS Improvement has partnered with PGIM Actual Property within the possession of The Avenue Viera, a 550,000-square-foot life-style middle in Viera, Fla. The deal marks WS’ third funding within the Sunny State.
PGIM has been the proprietor of the Brevard County asset since 2006; the corporate bought it for $87.6 million, in accordance with CommercialEdge information. Following the present transaction, PGIM and WS will collectively personal the open-air middle, with the latter managing the property.
The Avenue Viera occupies greater than 62 acres inside Viera, a master-planned neighborhood comprising greater than 3.8 million sq. toes of economic house. Accomplished in 2004, the retail middle is residence to almost 90 tenants together with Sephora, AMC Theatres, Mattress Tub & Past, AT&T, Kohl’s, Lululemon, Spectrum, Hallmark, Well-known Footwear and Claire’s. The property is correct off Interstate 95 at 2221 City Heart Ave.
PGIM just lately bought two Florida retail facilities totaling 181,000 sq. toes. Phillips Edison & Co. acquired the Publix-anchored belongings positioned in Miramar and Jensen Seashore.
