$223.85M sale of grocery-anchored portfolio across Florida
JLL Capital Markets facilitated the $223.85 million sale of a grocery-anchored portfolio of seven assets across Florida for PGIM Real Estate.
MIAMI, Sept. 4, 2024 – JLL Capital Markets announced today that it has arranged the $223.85 million sale of a seven-property grocery-anchored retail portfolio located across Davie, Lake Worth, Kissimmee, Royal Palm Beach and Fort Myers, Florida. The portfolio, which was 97% occupied, consists of 608,314 square feet of retail space in key Florida markets.
JLL worked on behalf of the seller, PGIM Real Estate.
JLL Capital Market’s Investment and Sales Advisory team representing the seller was led by Senior Managing Director Danny Finkle, Senior Directors Eric Williams and Jorge Portela and Vice President Kim Flores.
“We are excited to have advised PGIM Real Estate on the sale of this well-curated compilation of highly desirable grocery-anchored shopping centers,” said Finkle.
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 sales and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.
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About JLL
For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500® company with annual revenue of $20.8 billion and operations in over 80 countries around the world, our more than 110,000 employees bring the power of a global platform combined with local expertise. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAYSM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.