The Real Deal Miami

Shoppes at Monarch Lakes sold

August 03, 2009 05:44PM

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