PEMBROKE PINES, FL-Houston-based Weingarten Realty Investors bought Flamingo Pines Shopping Center for $43.8 million or $170 per sf. The asset consists of three contiguous centers and a Boston Market out-parcel for an aggregate of 257,370 sf.
The community shopping center complex is located at the southwest corner of Pines Boulevard and Flamingo Road. Among the major tenants are Publix, CVS, Keiser College, US Postal Service and Nutrition Smart.
Richard Tarquinio and David Donnellan, first VPs, and William Strauss, senior associate in the Miami office of CB Richard Ellis, represented the seller, HFJ LLC, in the sales transaction.
In Weingarten's portfolio of nearly 350 properties, about 60 are industrial assets and 285 are neighborhood shopping centers anchored primarily by grocery, drug or discount stores. Flamingo Pines joins 21 Florida shopping centers in the portfolio, two of which are located here. They are the 69,000-sf Publix at Laguna Isles Shopping Center at Sheridan Street and SW 196th Avenue and Pembroke Commons, a 316,000-sf center at University and Pines Boulevard.
© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more inforrmation visit Asset & Logo Licensing.
