Florida & Gulf Coast CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
Jamestown Snares S. Florida’s Doral Commons for $72M
Jamestown, L.P. acquired Doral Commons, a 140,000-square-foot retail center in South Florida’s Doral submarket from South Florida-based Terra for $72 million. The 95%-leased property’s tenant roster is anchored by Publix Supermarket, alongside TJ Maxx, Citibank, GNC, AT&T Wireless and McDonald’s.
The site at northwest 74th Street and 107th Avenue was initially part of a 100-acre tract acquired by Terra in 2012. Terra subdivided the land into commercial and residential uses, and completed the construction of Doral Commons in 2015. The firm’s 319-home Modern Doral single-family community is located directly next-door to the retail center.
Cushman & Wakefield’s Mark Gilbert, who represented Terra, says, “This is a case of Terra taking a forward-looking approach to acquiring a site, recognizing a void in the market, and creating value through execution and leasing.”
For comments, questions or concerns, please contact Dennis Kaiser
- ◦Sale/Acquisition

