The Real Deal Miami

Polo Club Shoppes in Boca sells for $51M

Last sold in 2012 for $28.5M

February 03, 2015 02:30PM
By Katherine Kallergis

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Polo Club Shoppes and its anchoring tenants

Polo Club Shoppes and its anchoring tenants

A Boca Raton shopping center sold for $50.65 million on Jan.30.

A company affiliated with Jamestown, a real estate investment and management company based in Atlanta, Georgia, bought the 128,000-square-foot shopping center and acquired a nearly $30 million mortgage, Palm Beach County records show.

Cushman & Wakefield marketed the property, which last sold in October 2012 for $28.5 million.

Polo Club Shoppes, located at 5050 Champion Boulevard, was built in 1988 and sits on more than 13 acres. Publix, Pet Supermarket, SunTrust and JPMorgan Chase anchor the shops.

An affiliate of DRA Advisors sold the plaza to Jamestown. Capital One granted the seller the $29.5 million mortgage, records show. The site has 647 parking spaces.

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