Lamar Companies Acquires Retail Property In Caguas, Puerto Rico For $80.25M

The retail property located at PR 156 & Gran Blvd Los Parados in Caguas, Puerto Rico, was recently sold in a transaction. The property spans a total square footage of 555,016 and was sold for a final price of $80,250,000, resulting in a price per square foot of $145. The sale was completed on February 16, 2022.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $80,250,000
• Date: February 16, 2022
• Address: PR 156 & Gran Blvd Los Parados, Caguas, Puerto Rico
• Market: Caguas, Puerto Rico
• Buyer: Lamar Companies
• Seller: Forge Capital Partners
• Brokers: Danny Finkle, Eric Williams & Kim Flores - JLL Capital Markets

The buyer in this transaction is Lamar Companies, while the seller is Forge Capital Partners. JLL Capital Markets represented both parties in the deal, with Danny Finkle, Eric Williams, and Kim Flores serving as the brokers.