Nuveen drops $46M on Aldi-anchored center amid grocery spree
Nuveen Real Estate is jumping into South Florida’s grocery-anchored shopping center game with a recent $46.3 million purchase in Broward County that is part of the firm’s broader strategy focused on neighborhood retail properties. An affiliate of Chicago-based Nuveen, led by Bill Huffman, bought Coral Landings III, an Aldi-anchored shopping center at 6166 and 6208 West Sample Road in Margate, records and data provider Vizzda show. The buyer financed the acquisition with a $52.2 million Bank of America loan that also covers Nuveen-owned properties in other states. The 172,500-square-foot retail plaza is divided into six single-story buildings completed in 2008, […]This article originally appeared on The Real Deal. Click here to read the full story.
Recent Posts
Historic cottage near Citadel’s Brickell HQ to move to Coconut Grove
Summermaxxing: Wealth boom brings heat to South Florida with pricey off-season sales
Rivani’s $50M Miami Beach office expansion with Playboy HQ heads to voters
Alonzo Mourning, HTG net $55M financing package for affordable housing
$16M West Palm mansion breaks city’s record for priciest non-waterfront sale
Centaur sells Panther National for $191M in South Florida’s biggest golf course trade this year
Florida’s education shakeup is pouring money into private schools. Here’s what it means for real estate
South Florida’s top deals: Palm Island home sells for $19M
Simple steps can make a home listing stand out
Why more Americans are turning to co-buying to afford a home
