 |
| Deerfield Mall, Deerfield Beach, FL |
 |
| Daniel Finkle |
HFF marketed the property
on behalf of the sellers, CP Deerfield LLC and Land Trust Agreement
1001-SOD. Weingarten Realty Investors
purchased the asset free and clear of existing debt.
Completed in 1988 and
renovated in 2001, Deerfield Mall comprises one main building totaling 366,301
square feet in an “L” configuration, two multi-tenant outparcel buildings
totaling 25,427 square feet and two single-tenant outparcels occupied by
Citibank and Chick-fil-A.
The 94.9-percent-leased shopping center is 84
percent occupied by national tenants, including Publix, Sports Authority, T.J.
Maxx, Marshalls, Youfit Health Club, Cinépolis, Dollar Tree, Five Below, Ulta
Beauty, The Avenue, Panera Bread, First Watch and Taco Bell.
The property is situated
on approximately 43 acres at the “hard corner” of the heavily-trafficked
intersection of Hillsboro Boulevard and Powerline Road, which have combined
traffic counts of more than 81,000 vehicles per day.
 |
| Luis Castillo |
The HFF investment sales
team representing the seller was led by senior managing director Daniel Finkle, managing director Luis Castillo and associate directors Nat Scarmazzi and Scott Wadler.
“Weingarten's acquisition
of Deerfield Mall is consistent with our disciplined strategy to acquire
dominant centers in high barrier to entry markets,” said Richard Carson, regional vice president of Development and
Acquisitions for Weingarten Realty Investors.
“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.”
For a complete copy of the company’s news release,
please contact:
Kristen M. Murphy
Director, Marketing
HFF | One Post Office
Square, Suite 3500 | Boston, MA 02109
Main: 617-338-0990 |
Direct: 617-848-1572 | Cell: 617-543-4873 | www.hfflp.com
krmurphy@hfflp.com
No comments:
Post a Comment