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

Property Image
SOLD
$25,000,000
Kirk Olson
Drew Kristol
Jacques Bessoudo
+ 1

Florida

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Retail77,621 SF
Sold 10/01/2025
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Property Image
SOLD

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

9801 9965 Pines Boulevard

See Similar Deals
Retail77,621 SF
Sold 10/01/2025
Kirk Olson
Drew Kristol
Jacques Bessoudo
+ 1
the dealplayerscompscontact
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Summary

FLORIDA
Asset Type:Retail
Price Per Square Foot:$322
Total Square Footage:77,621 SF
Transaction Type:Sale

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.

Players

Drew Kristol
Marcus & Millichap
Drew Kristol
46 deals$560.5M volume(786) 522-7065
BROKER
Kirk Olson
Marcus & Millichap
Kirk Olson
46 deals$569.8M volume(786) 522-7064
BROKER
Jacob Khotoveli
JBL Asset Management
Jacob Khotoveli
5 deals$67.8M volume
BUYER
Jacques Bessoudo
Jacques Bessoudo
7 deals$162.2M volume
SELLER

Details

SOLD
IMAGE: Drew Kristol, Jacob Khotoveli, Kirk Olson & Jacques Bessoudo DATE: 10/01/2025 ADDRESS: 9801-9965 Pines Boulevard MARKET: Pembroke Pines ASSET TYPE: Retail ~ ACRES: 8 BUYER: Jacob Khotoveli (@Jacobk305) - JBL Asset Management (@JBLNgmt) SELLER: Jacques Bessoudo (@JacquesBessoudo) - Galium Capital (@GaliumCapital) BROKERS: Kirk Olson & Drew Kristol (@DaKristol66) - Marcus & Millichap (@MarcusMillichapInc) SALE PRICE: $25,000,000 SF: 77,621 ~ PPSF: $322 NOTE: Galium Capital sold Palm Square, a 77,621-sf retail center in Pembroke Pines, for $25M to a JBL Asset Management affiliate. Marcus & Millichap’s Kirk Olson and Drew Kristol represented the seller and sourced the buyer.

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