Continental Realty Corporation (CRC) acquired CityPlace Doral for $87.5 million. The 235,000-square-foot grocery-anchored lifestyle and entertainment center is located at 8300 NW 36th Street. The center features more than 30 retailers and restaurants and is anchored by The Fresh Market, Cooper’s Hawk, and Anatomy Fitness. It was approximately 80 percent leased at the time of the acquisition.
Danny Finkle and Jorge Portela of JLL represented the seller, PGIM Real Estate.Â
CityPlace Doral was purchased with funds from Continental Realty Opportunistic Retail Fund I (CRORF). CRORF is a closed-end private equity fund that, together with multiple related co-investments, has raised $323 million. Since its inception in 2021, CRC has acquired 15 retail properties within this portfolio, comprising approximately 3.75 million square feet of space. With this acquisition, CRC owns 13 retail centers in Florida.
CRC plans to upgrade the parking garage and the on-site amenities.Â
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