Phillips Edison & Co. announced it has closed the $32 million acquisition of 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 Publix, Florida’s dominant grocer. JLL represented the seller, PGIM Real Estate, in both transactions.
Built in 1999, Shops at Sunset Lakes is currently 98.4 percent occupied with its Publix anchor operating at the site for more than 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 by a mix of service, food and beverage, medical and fitness uses, as
