Phillips Edison Acquires Retail Property In Miramar For $32M

The retail property located at 18409 Miramar Pkwy in Miramar has been sold in a closed transaction. The property spans across 180,099 square feet and was sold for a price of $32,000,000, resulting in a price per square foot of $178. The transaction took place on 03/27/2023.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: $32,000,000
• Address: 18409 Miramar Pkwy
• Market: Miramar
• Square Footage: 180,099

The buyer of the retail property is Phillips Edison, while the seller is PGIM Real Estate. The deal was facilitated by the brokerage team at JLL, including Eric Williams, Danny Finkle, Jorge Portela, Kim Flores, Michael Kavaler, and Cameron Beck.