Florida

MIAMI GARDENS, FLA. — Core Palmetto, an affiliate of Core Investment Management, has sold Palmetto Plaza, a 186,095-square-foot retail center located in Miami Gardens, roughly 16 miles north of downtown Miami. The sales price was $46 million. Core originally acquired Palmetto Plaza in 2021 for $33 million.Aldi and Dollar Tree anchor the property, which was more than 95 percent leased at the time of sale. Other tenants include The UPS Store, Regions Bank, Dunkin’ and Bright Star Academy. Built in 1987, the center sits on nearly 12 acres. Douglas Mandel and Zach Levine of Marcus & Millichap represented Core in the transaction and procured the undisclosed buyer.

ST. PETERSBURG, FLA. — A joint venture between AEW Capital Management, Mack Real Estate Group (MREG) and Soundwater Properties (SWP) has acquired Disston Plaza, a 129,150-square-foot shopping center located in St. Petersburg. The sales price was $31.4 million, according to the Tampa Bay Business Journal. This transaction marks the second acquisition for the newly formed joint venture, which targets grocery-anchored retail centers in East Coast markets with purchase prices between $10 million and $50 million. Danny Finkle and Jorge Portela of JLL represented the undisclosed seller in the transaction.  Publix anchors Disston Plaza, which features a mix of additional tenants including Bealls Outlet, Dollar Tree, Pet Supermarket and The UPS Store. Built in 1954, the center sits on roughly 12 acres.