The Real Deal Miami

Fort Lauderdale-based BFC sells Port St. Lucie shopping centers

June 18, 2010 09:45AM

Downtown in Tradition, a master-planned town

Fort Lauderdale-based BFC Financial’s subsidiary, Core Communities, has
sold two shopping centers in Port St. Lucie. The two centers sold for a
total $73.7 million, with both going to buyer Inland Diversified Trust.
The properties include the 498,322-square-foot Landing at Tradition,
along with the 138,468-square-foot Tradition at Village Center. The
Landing has just 8 percent vacancy, with Target as its lead tenant, and
the Village Center has 99 percent occupancy. RJS Realty brokered the
transaction. [SFBJ]