JPMorgan joins investors’ Coral Springs shopping center spree with $54M purchase
JPMorgan joined a recent wave of buyers picking up shopping centers in Coral Springs. An affiliate of New York-based JPMorgan, led by CEO Jamie Dimon, paid $53.7 million for Shoppes at Heron Lakes at 5601 to 5791 Coral Ridge Drive, records and real estate database Vizzda show. The financial giant paid $369 a square foot for the pair of single-story retail buildings spanning 145,618 square feet. The property sold for $48.3 million above the previous sale price 20 years ago. The seller, two entities managed by Mario Hernandez in Sunrise, paid $5.4 million for the 17-acre site in 2005, and […]This article originally appeared on The Real Deal. Click here to read the full story.
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