In $25M deal, JBL adds Broward shopping center to retail portfolio

JBL Asset Management’s South Florida retail portfolio experienced a growth spurt with a $25 million Broward shopping center purchase.  Hollywood-based JBL, led by Jacob Khotoveli, acquired Palm Square, a 77,621-square-foot center with two outparcels that is 94 percent occupied, a press release states. The property sold for $4.6 million above the previous sale price six years ago. Kirk Olson and Drew Kristol with Marcus & Millichap represented the buyer and the seller, an affiliate of North Miami Beach-based Galium Capital, led by Jacques Bessoudo. In 2019, Galium paid $20.4 million for the 8-acre site, records show.  Palm Square has “strong […]This article originally appeared on The Real Deal. Click here to read the full story.