JLL Capital Markets handles sale of the 124,585-square-foot, Publix-anchored Tamarac Town Square in Tamarac, FL

 

 Kimberly Flores

MIAMI, FL – JLL Capital Markets has closed the sale of Tamarac Town Square, a 124,585-square-foot, Publix-anchored shopping center located within the Miami MSA. The price was not disclosed

 

JLL represented the seller, Regency Centers, and an affiliate of Jamestown acquired the asset.

SOLD: Tamarac Town Square, a 124,585-SF,
Publix-anchored shopping center
located within the Miami MSA.

Danny Finkle

The JLL Retail Capital Markets team that represented the seller was led by Senior Managing Director Danny Finkle, Senior Directors Eric Williams and Jorge Portela and Vice President Kimberly Flores.

 

Built in 1983, the 83.8-percent-occupied Tamarac Town Square is leased to a strong roster of national retailers, including Publix, Retro Fitness, Dollar Tree, Humana and McDonald’s.

 

Situated on 18.6 acres in northwest Broward County, the center is located on the southwest corner of the Pine Island Road and Southgate Boulevard intersection at 8129-8315 North Pine Island Rd.

 

 The center is approximately 11 miles northwest of downtown Fort Lauderdale, eight miles south of Boca Raton and 30 miles north of Miami.

 Eric Williams

The property serves an incredibly dense and growing trade area, with a population of 540,506 and an average household income of $89,058 within a 15-minute drive.

 

“Quality Florida retail investment opportunities continue to attract outstanding investor demand, and Tamarac Town Square represented a prime grocery-anchored offering in a strong South Florida retail submarket,” said Williams.

 

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers.

 

The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment and sales advisory, debt advisory, equity advisory or a recapitalization.

 

Jorge Portela

The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

 

For more news, videos and research resources on JLL, please visit our newsroom.

 

CONTACT:

 

Jenna Sharp

JLL, Public Relations

 Capital Markets

Dallas, Texas

M +1 214 394 3356

Jenna.Sharp@jll.com