PGIM Real Estate has sold the 70,288-square-foot Shops at Sunset Lakes in Miramar, Fla., and the 109,811-square-foot Town Center at Jensen Beach. Both centers are anchored by the strong-performing Publix, Florida’s dominant grocer.
Phillips Edison & Company acquired both assets for $32 million.
Built in 1999, Shops at Sunset Lakes is currently 98.4 percent with its Publix anchor operating at the site for over 23 years. The property is leased to a mix of national and local tenants, including Goodwill, State Farm Insurance, Sedation Dental Spa, Small World Montessori, The Tutoring Center, Sushi Ski and more. The center is located at 18401-18499 Miramar Parkway, reaching a population of 69,697 within a three-mile radius and an average household income of $138,871.
Town Center Shops at Jensen was built in 2000 and is currently 83.5 percent occupied to a mix of service, food and beverage, medical and fitness uses, as well as a freestanding Culvers outparcel. In
