Doral, Fla. — JLL Capital Markets has negotiated the $87.5 million sale of CityPlace Doral, a 235,096-square-foot mixed-use development located in Doral, roughly 13 miles west of downtown Miami. Completed in 2017, the seven-building center is situated on 17.6 acres. Tenants at the property — which was 82 percent leased at the time of sale — include The Fresh Market, CMX CinéBistro, Anatomy Fitness, Novecento, Cooper’s Hawk, Carrot Express and Tap 42 Craft Kitchen & Bar. The site also features two parking garages and a luxury residential property that was not included in the sale.
Danny Finkle, Jorge Portela and Kim Flores of JLL’s Investment Sales and Advisory team represented the seller, PGIM Real Estate, and procured the buyer, Continental Realty Corp., in the transaction. Michael DiCosimo and Maddy McMillen of JLL’s Debt Advisory team worked on behalf of Continental Realty to secure a $58.3 million loan from a regional bank for the acquisition and lease-up of the property.