Dec
27
South FL Shopping Center Trades for $33M
ByJBL Asset Management has acquired Flamingo Pines Plaza, a nearly 140,000-square-foot community retail center, located in the South Florida submarket.
Weingarten Realty Investors has sold Flamingo Pines Plaza, a 139,462-square-foot community shopping center in Pembroke Pines, Fla., to JBL Asset Management. According to South Florida Business Journal, the Walmart-shadow-anchored retail asset traded for $33.2 million.
Flamingo Pines Plaza is located at 12520 Pines Boulevard, at the heavily-trafficked intersection of Pines Boulevard and Flamingo Road, in an infill location. The site is situated adjacent to Pembroke Lakes Mall and east of Interstate 75, being exposed to more than 110,000 vehicles per day…
