CUTLER BAY, FL-An affiliate of Iowa-based Principal Financial Group has acquired the South Dade Shopping Center here for $40.5 million, reports the South Florida Business Journal.
The report states that Principal's South Dade Shopping Center LLC purchased the more than 213,000-sf center from an affiliate of Weingarten Realty Investors of Houston at a 21% discount from the last time the property changed hands in 2006.
Tenants at the complex that sits on more than 27 acres include: Publix, Petco, Chuck E. Cheese's UPS and Bed Bath & Beyond. See story in the South Florida Business Journal.
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John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
