Doral-Square

Terra Arranges $74 Million Sale of Doral Square in South Florida

by Abby Cox

Doral, Fla. — Terra has arranged the $74 million sale of Doral Square, a 150,000-square-foot lifestyle center in Doral, a western suburb of Miami. North Miami-based IMC Equity Group was the buyer. Situated at the gateway to downtown Doral, the property is anchored by Marshalls, Ross Dress for Less and UFC Gym. Additional tenants include HomeGoods, Pet Supermarket, One Medical, Laser Away, AT&T, Paradise Grills, European Wax Center, First Watch, Jersey Mike’s, Just Salad, Panda Express, Nacion Sushi, Lima Bakery, Miu’s Tea and El Toro Loco. Mark Gilbert of Cushman & Wakefield brokered the transaction. Ocean Bank provided a $36 million mortgage to the buyer.

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