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Jamestown buys Publix-anchored shopping center in Doral
Terra sold the 140,000 sf plaza for about $510 psf
Jamestown just paid $71.6 million for a Publix-anchored shopping center in Doral developed by Terra, property records show.
Jamestown’s Jamestown Doral Commons paid about $510 per square foot for the property. Cushman & Wakefield was the listing brokerage.
Terra completed Doral Commons, a 140,000-square-foot, 18.3-acre retail plaza at 7550 Northwest 104th Avenue, in 2016. Previous sales information was not available online.
Doral Commons in anchored by a 49,000-square-foot Publix and is currently 95 percent leased to tenants that include TJ Maxx, Citibank and McDonald’s. Courtelis Co. handled leasing the property.
The retail plaza is across from Terra’s 319-unit single-family residential community, Modern Doral. The Coconut Grove-based developer is also building Pines City Center, another Publix-anchored retail development in Pembroke Pines.
Jamestown, a commercial real estate investment and management firm based in Atlanta and Germany, owns several retail properties in South Florida, including the portfolio of Collins Avenue Fashion District buildings, shopping centers and multifamily complexes.