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FORT LAUDERDALE, FL-Michigan-based Ramco-Gershenson Properties Trust has acquired Shenandoah Square Shopping Center in suburban Davie as part of a joint venture for $16.3 million.

A Publix supermarket and Walgreen’s drug store anchor the 119,332 sf shopping center, located at the intersection of State Road 84 and Southwest 136th Ave. adjacent to the I-595 expressway. The trade area for the region has an average household income of $80,000.

Ramco-Gershenson Properties Trust has a portfolio of 57 shopping centers, with approximately 11.8 million sf of gross leasable area, located in 12 eastern states. Shenandoah Square is the fourth center owned and managed by the company in the southeastern Florida region. Headquartered in Southfield, Mich., the trust is a fully-integrated, self-administered, publicly-traded REIT.

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