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MIRAMAR, FL-CB Richard Ellis represented the seller of the Shoppes at Monarch Lakes, a grocery-anchored shopping center at 14305 Miramar Parkway. Dizengoff Real Estate LLC paid $8.3 million, or nearly $130 per square foot, to a Chicago-based fund advised by Prudential Real Estate Investors.

Dizengoff, an Israeli-based investor, recently began buying assets in the US with a particular interest in Florida, according to its Web site. Belt & Associates Inc. and Rubin Real Estate Group represented the buyer in the transaction.

“The buyer was interested in a stable, low-risk investment opportunity involving excellent real estate, and this property met that criteria,” says Casey Rosen, CBRE senior vice president. The 64,020-square-foot shopping center is anchored by a 51,420-square-foot Publix supermarket and includes other national and regional tenants such as Dunkin Donuts, Subway and UPS.

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