Two Publix-Anchored Centers in Miami Sell for $35.9 Million

by Nate Hunter

Miami — The properties, Plaza Alegre and Meadows, total 163,935 square feet of retail.

Plaza AlegreMiami — Equity One Inc. has sold Plaza Alegre and Meadows, two Publix-anchored centers totaling 163,935 square feet in the Miami submarket of West Kendall, for an aggregate purchase price of $35.9 million. A fund managed by the Goldman Sachs Real Estate Investment Group purchased the assets free and clear of existing debt. Completed in 2003, the 88,411-square-foot Plaza Alegre is situated on nearly eight acres. The center is 94.6 percent leased to tenants including Publix, Goodwill and Wells Fargo. Meadows features 75,534 square feet of retail space that is 95.5 percent leased. Tenants include Publix, Supercuts and GNC. Danny Finkle, Luis Castillo and Rob Saracco with HFF represented the seller.

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