May
11
South Florida Mall Changes Hands in $93M Deal
ByThe 394,248-square-foot community shopping center, located in South Florida’s Deerfield Beach, is currently anchored by Publix.
Deerfield Mall, Deerfield Beach, Fla.
Miami—Weingarten Realty Investors has acquired Deerfield Mall, a 394,248-square-foot community shopping center located in the South Florida community of Deerfield Beach, for $92.75 million from CP Deerfield LLC and Land Trust Agreement 1001-SOD. HFF represented the sellers in the transaction.
“Weingarten’s acquisition of Deerfield Mall is consistent with our disciplined strategy to acquire dominant centers in high barrier to entry markets,” Richard Carson, Weingarten Realty Investors’ regional VP of development and acquisitions, said in prepared remarks. “The center is anchored by a market-leading grocer and top-tier power center tenants and further strengthens our Florida portfolio of high-performing centers.”…
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