Jamestown picks up shopping center in northwest Miami-Dade

Publix-anchored shopping center traded for $314 psf

Miami /
Oct.October 18, 2017 02:00 PM

UPDATED Oct. 18, 6:15 p.m.: Jamestown just closed on a Publix-anchored shopping plaza in northwest Miami-Dade for $34.25 million, property records show.

The Atlanta-based investment and management firm paid $314 per square foot for the nearly 109,000-square-foot Country Club Plaza shopping center at 18454 Northwest 67th Avenue, near Miami Lakes and Hialeah.

An affiliate of Deutsche Asset Management’s RREEF America REIT sold the property. Records show SDC Retail Country Club Plaza LLC, paid $22.25 million for the shopping center in 2007.

Cushman & Wakefield’s Mark Gilbert and Adam Feinstein represented the seller. Steven Henenfeld and Ariel Bernstein of Continental Real Estate Companies handled leasing. Henenfeld said the plaza, built in 1985, was fully leased when it sold to Jamestown. If space were to become available, annual rents could reach $36 per square foot, triple net, Henenfeld said.

Tenants include a CVS Pharmacy, Party City and Panera Bread. Publix occupies about 40,000 square feet in the plaza.

Jamestown has been active in New York and South Florida. In South Beach, it owns several retail buildings, including the Art Deco-style Victoria’s Secret site on Collins Avenue.

In New York, Jamestown is developing Industry City, a planned 6.5 million-square-foot office, industrial and retail campus spread over 30 waterfront acres in Sunset Park, Brooklyn, with Belevedere Capital.


Related Articles

arrow_forward_ios
Tricera Capita's Ben Mandell with rendering of The Press project (Tricera Capital)
Lease roundup: Tricera scores tenants in West Palm, Boca
Lease roundup: Tricera scores tenants in West Palm, Boca
From left: Lalo Durazo, Ricardo Dunin, Peacock Garden cafe, Gregory Galy and Mark Scheinberg (Getty, Peacock Garden)
Billionaire’s hospitality group buys Peacock Garden in Coconut Grove
Billionaire’s hospitality group buys Peacock Garden in Coconut Grove
Rockpoint's Bill Walton and Keith Gelb with the Shops at Mary Brickell Village (left), 1221 Brickell (middle), and 911 Southwest First Avenue (right) (Rockpoint, Google Maps, Twitter)
Rockpoint’s Brickell bonanza: Firm reaps riches in booming neighborhood
Rockpoint’s Brickell bonanza: Firm reaps riches in booming neighborhood
From left: Rockpoint’s Bill Walton and Keith Gelb, 911 Southwest First Avenue and RPT Realty’s Brian Harper (Rockpoint, Google Maps, RPT Realty)
RPT Realty buys Shops at Mary Brickell Village for $216M
RPT Realty buys Shops at Mary Brickell Village for $216M
Lucid Investment Group's Andrew Rasken with 143 Southwest Ninth Street
Mexican developer-led JV plans Brickell apartment tower
Mexican developer-led JV plans Brickell apartment tower
Google Street View of the properties at 551 Southeast Eighth Street and 551 Southeast Fifth Avenue in Delray Beach with CDS International Holdings founder Carl DeSantis (Google Maps, CDS Holdings)
Celsius energy drink investor Carl DeSantis pays $25M for Delray Beach offices
Celsius energy drink investor Carl DeSantis pays $25M for Delray Beach offices
R & B Realty’s Shelby Rosenberg and The Gateway at Wynwood (R & B Realty Group, iStock)
Lease roundup: The Gateway at Wynwood scores three new tenants
Lease roundup: The Gateway at Wynwood scores three new tenants
(left to right) Nuveen's Mike Nuveen with 800 Waterford Way and Pebb Enterprises' Ian Weiner with 5355 Town Center Road (CoStar, Nuveen, TVS Design, Pebb)
Lease roundup: Nuveen nabs fintech tenant in Miami, Brookfield scores 20 leases at Boca’s Mizner Park
Lease roundup: Nuveen nabs fintech tenant in Miami, Brookfield scores 20 leases at Boca’s Mizner Park
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...