Jamestown Acquires Property At 18454 NW 67th Ave Hialeah For $34.25M With Cushman & Wakefield As Seller's Rep

The property involved in the transaction is the Country Club Plaza shopping center located at 18454 Northwest 67th Avenue, Hialeah, FL 33015. The investment firm Jamestown acquired the property for $34.25 million, resulting in a price of $314 per square foot for the nearly 109,000-square-foot shopping center, which is anchored by Publix. The plaza was fully leased at the time of sale and was originally built in 1985.

Summary of transaction details:

• Property Type: Shopping Center
• Transaction Amount: $34,250,000.00
• Square Footage: 109,000
• Address: 18454 NW 67th Ave, Hialeah, FL 33015
• Market: Hialeah
• Seller's Representatives: Mark Gilbert (Cushman & Wakefield), Adam Feinstein (Cushman & Wakefield)
• Buyer: Jamestown
• Seller: SDC Retail Country Club Plaza LLC
• Previous Sale Amount: $22.25 million in 2007

Cushman & Wakefield's Mark Gilbert and Adam Feinstein represented the seller in this transaction. Leasing details were handled by Steven Henenfeld and Ariel Bernstein of Continental Real Estate Companies. If any space becomes available, annual rents could reach $36 per square foot on a triple net basis, as stated by Henenfeld.