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 the Charleston area of South Carolina, the portfolio includes Sawgrass Square (Fort Lauderdale, Fla.), Plantation Promenade (Plantation, Fla.), Miramar Commons (Miramar, Fla
