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Weingarten Realty Investors Sells Flamingo Pines Plaza for $33.2M

JBL Asset Mgmt Purchases Neighborhood Center in Pembroke
January 25, 2018
JBL Asset Management LLC acquired the Flamingo Pines Plaza shopping center at 12502-12638 Pines Blvd. in Pembroke, FL from Weingarten Realty Investors for $33.2 million, or about $238 per square foot.

The 139,462-square-foot neighborhood center was constructed in 1987 in the Southwest Broward County submarket. It is currently 99 percent leased to multiple tenants including Florida Technical College and several medical and food service providers.

Danny Finkle, Luis Castillo, Eric Williams and Kimberly Flores with HFF represented the seller. The buyer handled the sale in-house.

Please see CoStar COMPS #4087405 for more information on this transaction.
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