Avison Young Negotiates $23M Sale of Strip Retail Center in South Florida

by John Nelson

PEMBROKE PINES, FLA. — Avison Young’s Florida Capital Markets Group has negotiated the $23 million sale of Pembroke Centre, a 29,350-square-foot strip retail center located at 304-306 SW 145th Ave. in Pembroke Pines, a city in South Florida’s Broward County. David Duckworth, Michael Fay, John Crotty and Brian de la Fé of Avison Young represented the seller, PP Omni Ventures, an affiliate of Hart Lyman Cos. that developed the property, in the transaction. Monolith Real Estate Property Management represented the buyer, an entity doing business as OMAX Invest LLC.

Situated on four acres near I-75 and Pines Boulevard, Pembroke Centre was fully leased at the time of sale to Pubbelly Sushi, Firebirds Wood Fired Grill and Xfinity Store by Comcast. The property sits on an outparcel with a shared entrance to Shops at Pembroke Gardens, an open-air retail and entertainment destination.

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