JOINT VENTURE SELLS SHOPPING CENTER FOR $39.5 MILLION IN MIRAMAR, FLA.

MIRAMAR, FLA. — An affiliate of Rutherford, N.J.-based The Morris Co. has acquired the Fountains of Miramar, a 139,380-square-foot shopping center in Miramar, from joint venture partners Ross Matz Investments and Newman Realty for $39.5 million. Tenants include Marshalls, Ross Dress For Less, Office Depot, Pet Supermarket, Starbucks Coffee, Panera Bread, Pearle Vision and Payless ShoeSource. Dennis Carson and Casey Rosen of CB Richard Ellis’ Miami office represented the sellers. The center is located at the Interstate 75 and Miramar Parkway interchange.