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| Kim Flores |
MIAMI, FL– JLL Capital Markets has closed the $44.85 million sale of Deerwood Town Center, a 205,853-square-foot, grocery and home improvement-anchored community shopping center.
JLL arranged the transaction between the
seller, Courtelis Company, and the buyer, Core Investment Management.
The 100-percent-leased Deerwood Town
Center is anchored by a strong-performing Fresco y Mas and Home Depot and also
includes Amped Fitness, Pet Supermarket and TD Bank.
Situated at 12095 SW
152nd St., Deerwood Town Center is located on the northeast
corner of Coral Reef Drive and S.W. 122nd Avenue within Southwest Dade County. 
Deerwood Town Center, southwest Dade County, FL
The center benefits from a population of 368,278 within a five-mile radius. Deerwood Town Center serves the Kendall, South Dade and Country Walk areas located in Southwest Dade, which are among the highest growth areas in the Metropolitan Miami area.
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| Danny Finkle |
The center offers direct access to the Florida Turnpike and is within three miles of other major roadways, such as State Road 874, South Dixie Highway (U.S. 1), Lindgren Road (S.W. 137th Avenue) and SW 117th Avenue.
Additionally, the property is located across
from the Zoo Miami.
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| Eric Williams |
The JLL Retail Capital Markets Investment Sales and Advisory team that arranged the transaction was led by Senior Managing Director and co-lead of JLL’s US Retail Capital Markets group Danny Finkle, Senior Director Eric Williams and Vice President Kim Flores.
“Opportunities to acquire high-quality
grocery and home improvement-anchored centers in Miami are relatively scarce,
and Deerwood Town Center has been owned by the original developer since the
first phase was completed in 1985,” Finkle said.
“The strong investor demand for
grocery-anchored centers has been well-documented, but a notable increase in
interest for ethnic grocers is driving capital formation around acquiring
retail centers like Deerwood Town Center,” added Williams.
CONTACT:
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Jenna Sharp, Associate, Public Relations Phone: +1 214 394-3356 Email: Jenna.Sharp@am.jll.com |
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