Jacob Khotoveli Of JBL Asset Management Acquires Retail Center In Pembroke Pines For $25M

A retail asset located at 9801-9965 Pines Boulevard in Pembroke Pines has been sold. The transaction involved 8 acres of land, encompassing a total of 77,621 square feet. The property was sold for $25,000,000, translating to a price per square foot of $322.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $25,000,000
• Square Footage: 77,621
• Price Per Square Foot: $322
• Buyer: Jacob Khotoveli - JBL Asset Management
• Seller: Jacques Bessoudo - Galium Capital
• Brokers: Kirk Olson & Drew Kristol - Marcus & Millichap

Galium Capital conducted the sale of Palm Square to an affiliate of JBL Asset Management. Kirk Olson and Drew Kristol from Marcus & Millichap represented Galium Capital in this transaction and played a role in sourcing the buyer for the retail center.