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Weingarten Pays $285 Million for 668,000-SF Center in Fla.

 

MIAMI – Weingarten Realty Investors, a Houston-based REIT, purchased the Palms at Town & Country center for $285 million.

The 668,000-SF center, located on 70 acres in suburban Miami in the Kendall community, is anchored by Publix, Kohl’s and Nordstrom Rack. The seller, TIAA Global Asset Management, was represented by HFF.

Weingarten has been active in the Miami area recently. In May, it acquired the 394,000-SF Deerfield Beach Mall, near Fort Lauderdale for $93 million.

August 10, 2016 Copyright Realty News Report 2016

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