DAVIE, FL-Federal Realty Investment Trust has acquired Tower Shops, a community center measuring 372,000 square feet in Davie, for an amount of $66.1 million. The property, which sits on 67 acres of land, is situated at the crossway of I-595 and University Drive.
This acquisition expands the portfolio of the Trust to over 680,000 square feet of retail space in South Florida. Tenants including as TJ Maxx, Old Navy, Ross and DSW occupy space in the center. For the full story, go to Florida Real Estate Journal.
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