FCA Acquires Retail Center In Miami Lakes From Courtelis Co. For $12.23M

The retail center located at 16000 NW 57th Ave in Hialeah, FL, 33014, in the Miami Lakes market, was recently sold for $12,230,000.00. The property spans 59,925 square feet and is known as Red Palmetto Shoppes. The sale was facilitated by CBRE's Patricia Friend and Todd Weintraub representing the seller, Courtelis Co. The buyer, FCA, acquired the retail center at a price of $204 per square foot.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $12,230,000.00
• Address: 16000 NW 57th Ave, Hialeah, FL, 33014
• Market: Miami Lakes
• Seller's Rep: Patricia Friend(CBRE), Todd Weintraub(CBRE)
• Buyer: FCA
• SF: 59,925

Red Palmetto Shoppes, the retail center in Miami Lakes, is anchored by Office Depot and boasts tenants like Nutrition S'Mart, TD Bank, Chick-Fil-A, Firehouse Subs, and Sally Beauty. The property, developed by Courtelis Co. in 2008, is situated on 7 acres of land. The significant deal was part of a sale where CBRE's David Donnellan, Todd Weintraub, and Patricia Friend represented Courtelis Co., marking a successful transaction in the vibrant Miami market.