X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

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.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.