(For more retail coverage, click GlobeSt.com/RETAIL.)
NORTH MIAMI BEACH-Boca Raton-based investment firm WoolbrightDevelopment Inc. has purchased the Intracoastal Mall at 3501 SunnyIsles Boulevard for $48 million. The 233,300-sf shopping center islocated on the northeast corner of Sunny Isles Boulevard and N.E.35th Ave.
The center's anchor tenants are Winn Dixie, TJ Maxx and OldNavy. Mike Fimiani, Woolbright's executive vice president ofleasing and marketing, tells GlobeSt.com the property is a good fitwith Woolbright's portfolio. "This is a well-placed property in astrong market that is perfect for redevelopment, which is our corebusiness," Fimiami says.
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