TSCG Negotiates $11.7 Million Sale of Retail Property in Metro Miami

Naranja, Fla. — TSCG has negotiated the $11.7 million sale of Naranja Lakes Shopping Center, a 90,450-square-foot, grocery-anchored retail property in Naranja. The property was 95 percent leased at the time of sale to tenants including Winn-Dixie, Family Dollar and La Colonia Medical Center. The asset is situated at the intersection of U.S. Highway 1 and Naranja Lakes Blvd., 29 miles south of downtown Miami. Anthony Blanco of TSCG represented the seller, an affiliate of Asheville, North Carolina-based FIRC Group, in the transaction. An affiliate of Boston-based Longpoint Realty Partners acquired the property.