The Real Deal Miami

Davie shopping center goes for $32.3M

Company linked to Cornerstone Real Estate Advisers is the buyer

July 25, 2014 11:15AM

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4410-4484 Weston Road

4410-4484 Weston Road

A company tied to Connecticut firm Cornerstone Real Estate Advisers picked up a Davie shopping center for $32.3 million.

Weston Davie Shopping Center acquired the 4410-4484 Weston Road property in a transaction recorded on Thursday, according to Broward County records. No financing was recorded. The 109,000-square-foot center was constructed in 2000.

Coral Gables-based Weston Road Shopping Center sold the property to the Cornerstone company. Firpo Garcia signed the deed as the selling company’s managing member. Weston Road paid $15.7 million for the center as part of a multi-parcel acquisition.

Tenants include Dunkin’ Donuts, Office Depot and T-Mobile. — Eric Kalis

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