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South Florida

Fontainbleau shopping center sells for $13M

A Miami-shopping center anchored by a CVS changed hands for $13 million, according to the South Florida Business Journal.

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An affiliate of Miami-based Orion Venture bought the retail center from Kiki Lisa Courtelis, who serves as trustee for the seller, a family trust. The property is a 60,692-square-foot retail plaza at 9720 Southwest 8th Street in the Fontainbleau section of Miami-Dade County. The buyer assumed the seller’s mortgage.

The shopping center was built on the 5.1-acre site in 1966. Other tenants include Goodwill and AutoZone. [South Florida Business Journal] – Jennifer White Karp

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Retail Market