An affiliate of Investments Restricted has acquired Palm Trails Plaza in Deerfield Seaside, Fla.
An affiliate of Investments Restricted has acquired the 76,067-square-foot Palm Trails Plaza in Deerfield Seaside, Fla., for $17 million, in keeping with CommercialEdge knowledge. TSCG brokered the transaction on behalf of the vendor, an affiliate of Savitar Realty Advisors.
The retail middle is positioned at 1101 S. Navy Path, on the intersection of Navy Path and SW tenth Road in Broward County. The property, which was 100% leased on the time of the sale, is anchored by a Walmart Neighborhood Market retailer.
Anthony Blanco, associate & senior managing director of funding gross sales at TSCG, stated in ready remarks that this Walmart Market is among the many most ceaselessly visited of all the corporate’s Florida shops. Different tenants at Palm Trails Plaza embody CarePlus Medical, UPS, Subway and Common Hair Spa, in keeping with CommercialEdge knowledge.
In-built 1998 and renovated in 2012, the property additionally has parcels occupied by Areas Financial institution and Pollo Tropical. These parcels weren’t included within the sale.
Blanco, Advertising Coordinator Mallory Silva and Monetary Analyst Nick Ureta fashioned the TSCG funding gross sales crew that organized the sale. In response to Blanco, that is the eighth grocery-anchored retail sale by the crew previously eight months.