Terra Sells Publix-Anchored Shopping Center in South Florida for $72 Million

January 16, 2018   |   Shopping Center Business

Doral, Fla. — Terra has sold Doral Commons, a 140,000-square-foot shopping center in Doral, for $72 million.

Jamestown LP acquired the asset. Publix anchors the center, which was 95 percent leased at the time of sale to tenants including T.J. Maxx, Citibank, GNC, AT&T and McDonald’s. Doral Commons was initially part of a 100-acre tract acquired by Terra in 2012. The company subdivided the land into commercial and residential uses, completing construction of Doral Commons in 2015. Terra’s 319-home housing development Modern Doral is located adjacent to the retail center.