Investment firm Dizengoff Real Estate LLC bought the Shoppes at Monarch
Lakes, a retail shopping center located at 14305 Miramar Parkway in
Miramar, for $8.285 million, or about $129 per square foot. CB Richard
Ellis represented the Chicago-based seller, which was a fund advised by
Prudential Real Estate Investors. Belt & Associates, a related
entity of DBR & Associates LLC and Rubin Real Estate Group,
represented the buyer, a foreign investment group that recently began
to acquire U.S. real estate. The center’s anchor tenant is a
51,420-square-foot Publix grocery store, and the 64,020-square-foot
retail shopping center is currently 100 percent leased. TRD
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