Jodie W. McLean Of Edens Acquires Weston Davie Shopping Center From Mike Freno For $51.25M

The retail property at 4410 Weston Road in Davie encompasses 13.1 acres and has a total square footage of 108,623 SF. Edens acquired the Weston Davie Shopping Center for a transaction price of $51,250,000, reflecting a price per square foot of $472. The sale occurred despite the recent vacancy of anchor tenant Office Depot in a competitive retail market where the Q1 vacancy rate was just 1.6% and the average asking rent reached $29.90/SF.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $51,250,000
• Buyer: Jodie W. McLean - Edens
• Seller: Mike Freno - Barings/Weston Davie Shopping Center LLC
• Address: 4410 Weston Road
• Market: Davie
• Acres: 13.1
• Square Footage: 108,623
• Price Per Square Foot: $472

Jodie W. McLean represented Edens in this transaction, while Mike Freno represented Barings/Weston Davie Shopping Center LLC. The acquisition is significant within a tightly constrained retail market in Southwest Broward.