Core, James Resnick pick up Publix-anchored center in Plantation for $53M
Core Investment Properties Fund and a partner bought a Publix-anchored shopping center in Plantation for $53 million. Grocery-anchored retail plazas are hot commodities in South Florida, as the asset class has proven resilient to e-commerce and other market headwinds. Miami-based Core and Miami Beach-based investor James Resnick purchased the 184,300-square-foot Jacaranda Plaza at 8101-8373 West Sunrise Boulevard from Austin-based Epic Real Estate Partners and Chicago-based Heitman, according to records and real estate database Vizzda. The buyers borrowed $34.5 million from U.S. Bank. The price amounts to $288 per square foot. Jacaranda Plaza consists of three one-story buildings completed in 1974 […]This article originally appeared on The Real Deal. Click here to read the full story.
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