PLANTATION (FLA.) TOWNE SQUARE
GROCERY SHOPPING
GROCERY-ANCHORED CENTERS ARE INCREASINGLY BECOMING GROCERY-OWNED
CENTERS TOO, AS SUPERMARKET CHAINS BUY UP PRIME RETAIL PROPERTIES
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By Matt Hudgins
LANTATION TOWNE SQUARE AND COLONIAL SHOPPING
Center are two of the highest-volume grocery-anchored shopping centers in South Florida. Indeed, the locations are excellent, and the occupancy rates at both are north of 95 percent. Broker Luis Castillo and
his team took multiple bids and finally let the assets go in December,
for an undisclosed price. "Without question, these are investmentgrade properties," said Castillo, director of the Miami office of commercial real estate brokerage HFF. "There was an incredible level of
demand for this core, grocery-anchored retail."
Given those attributes, the fact that the offer drew investors may be
hardly worth a mention. But the name of the party that cinched the
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