MIAMI—Mayan Properties just invested $5 millionin Riverbend Marketplace, a 190,000-square-footretail shopping center under construction inBroward County. Mayan is the investment arm of merchant bankingfirm Aztec Group. The Riverbend project willbring the first Walmart Supercenter to the Cityof Fort Lauderdale, FL.

Mayan managing director Jason Shapiro anddirector of investments James Fried, along withAztec director Sean Harrington, led thetransaction. Construction is underway on Riverbend. It's set toopen to the public in late 2015.

Gatlin Development, which is led by prolificdeveloper Frank Gatlin III, is building the $50million, two-phase project. This is Gatlin and Mayan's secondinvestment venture together in Florida. Last year, Mayan funded $3million in Gatlin's Jacksonville, FL portfolio, which includesthree shopping centers anchored by WalmartNeighborhood Markets.