Bain Capital and 11North Partners (11North), a retail-focused investment platform, announced the acquisition of a portfolio of 10 open-air retail centers across Florida and South Carolina, most of which are anchored by Publix, for approximately $395 million. The private transaction was executed through an exclusive partnership between Bain Capital Real Estate and 11North focused on acquiring and operating open-air retail centers throughout the United States and Canada.
This acquisition follows the joint venture’s recent purchase of three open-air lifestyle retail centers in Oklahoma City and reflects the platform’s continued momentum in high-growth, high-conviction markets.
Strategically located across the thriving Florida submarkets of Fort Lauderdale, Orlando, Tampa and Palm Beach, as well as Charleston, S.C., the portfolio includes:
Sawgrass Square
Plantation Promenade
Miramar Commons
Rolling Oaks
Promenade at Poi
