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Jamestown Acquires Tamarac Retail Center From Regency Centers For $22.5M

Property Image
SOLD
$22,500,000
Jorge Portela
Kim Flores
Eric Williams
+ 1

Florida

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Retail124,000 SF
Sold 04/10/2024
the dealplayerscompscontact
Property Image
SOLD

Jamestown Acquires Tamarac Retail Center From Regency Centers For $22.5M

8129 North Pine Island Road

See Similar Deals
Retail124,000 SF
Sold 04/10/2024
Jorge Portela
Kim Flores
Eric Williams
+ 1
the dealplayerscompscontact
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Summary

FLORIDA
Asset Type:Retail
Price Per Square Foot:$181
Total Square Footage:124,000 SF
Transaction Type:Sale

The retail property located at 8129-8315 North Pine Island Road in Tamarac was sold for $22,500,000. The asset, a 124,000-square-foot complex, was acquired by Michael Phillips of Jamestown from Lisa Palmer of Regency Centers. The property is a retail center with tenants such as Dollar Tree, Goodwill, and various medical services.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $22,500,000
  • Address: 8129-8315 North Pine Island Road
  • Market: Tamarac
  • Square Footage: 124,000
  • Buyer: Michael Phillips - Jamestown
  • Seller: Lisa Palmer - Regency Centers

Danny Finkle, Eric Williams, Jorge Portela, and Kim Flores of JLL served as the brokers in the transaction. This acquisition marks Jamestown's fifth Publix-anchored center in South Florida, expanding their portfolio of grocery-anchored retail centers in the region and beyond.

Players

Danny Finkle
JLL
Danny Finkle
57 deals$3.9B volume
BROKER
Eric Williams
Newmark
Eric Williams
52 deals$2.8B volume
BROKER
Kim Flores
JLL
Kim Flores
35 deals$3.2B volume
BROKER
Jorge Portela
JLL
Jorge Portela
23 deals$1.6B volume
BROKER

Details

SOLD
IMAGE: 04/10/2024 ADDRESS: 8129-8315 North Pine Island Road MARKET: Tamarac ASSET TYPE: Retail BUYER: Michael Phillips - Jamestown SELLER: Lisa Palmer - Regency Centers BROKERS: Danny Finkle, Eric Williams, Jorge Portela & Kim Flores - JLL SALE PRICE: $22,500,000 SF: 124,000 ~ PPSF: $181 NOTE: Jamestown acquired the Tamarac Town Square shopping center in South Florida for $22.5 million, marking its fifth Publix-anchored center in the region. The 124,000-square-foot retail complex, previously owned by Regency Centers, boasts a variety of tenants including Dollar Tree, Goodwill, and medical services, adding to Jamestown's portfolio of grocery-anchored retail centers in South Florida and beyond.

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