{"id":1004232082,"date":"2018-05-25T02:09:33","date_gmt":"2018-05-25T10:09:33","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004232082"},"modified":"2022-12-08T04:50:48","modified_gmt":"2022-12-08T12:50:48","slug":"stockbridge-grabs-40-south-fl-retail-asset","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/stockbridge-grabs-40-south-fl-retail-asset\/","title":{"rendered":"Stockbridge Grabs $40 South FL Retail Asset"},"content":{"rendered":"<p>By Jeff Hamann<\/p>\n<div id=\"attachment_1004232086\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/Fountains-of-Miramar-in-Miramar-Fla..jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004232086\" data-attachment-id=\"1004232086\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/stockbridge-grabs-40-south-fl-retail-asset\/fountains-of-miramar-in-miramar-fla\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/Fountains-of-Miramar-in-Miramar-Fla..jpg\" data-orig-size=\"800,620\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;8&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;Canon EOS 5D Mark II&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1426942879&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;21&quot;,&quot;iso&quot;:&quot;200&quot;,&quot;shutter_speed&quot;:&quot;0.001&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"Fountains of Miramar in Miramar, Fla.\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Fountains of Miramar in Miramar, Fla.&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/Fountains-of-Miramar-in-Miramar-Fla..jpg?w=800\" class=\"wp-image-1004232086 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/Fountains-of-Miramar-in-Miramar-Fla..jpg\" alt=\"\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/Fountains-of-Miramar-in-Miramar-Fla..jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/Fountains-of-Miramar-in-Miramar-Fla..jpg?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/Fountains-of-Miramar-in-Miramar-Fla..jpg?resize=768,595 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004232086\" class=\"wp-caption-text\">Fountains of Miramar<\/p><\/div>\n<p>DDR Corp. has sold The Fountains of Miramar, a 139,239-square-foot retail property, to Stockbridge Capital Group. The buyer paid $40 million for the shopping center, according to Broward County records. The new owner has chosen CREC to oversee management and leasing for the asset.<\/p>\n<p>Located at 2905 S.W. 160th Avenue in Miramar, Fla., the shopping center sits at the northwest corner of Interstate 75 and Miramar Parkway, exposed to an estimated 91,500 vehicles per day. The property is positioned near Miramar Centre Corporate Park, home to the Department of Homeland Security, Humana and a number of other large employers.<\/p>\n<h2>Diverse anchors<\/h2>\n<p>Completed in 2015, The Fountains of Miramar is currently 93 percent leased. Ross Dress for Less and Marshalls occupy approximately 30,000 square feet each, in addition to a 20,000-square-foot HomeGoods and a 10,233-square-foot Pet Supermarket anchoring the asset. The property is also shadow-anchored by The Home Depot. CREC\u2019s Sabrina Stimming and Ruben Suarez will market the center\u2019s remaining 9,513 square feet for lease.<\/p>\n<p>Over the past year, Stockbridge has added more than 3 million square feet to its nationwide portfolio, which included a <a href=\"https:\/\/www.commercialsearch.com\/news\/downtown-ft-lauderdale-office-asset-trades-for-41m\/\">$41 million Ft. Lauderdale office acquisition<\/a> in January.<\/p>\n<p><em>Image courtesy of CREC<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The new owner selected CREC to oversee management and leasing for The Fountains of Miramar, a nearly 140,000-square-foot shopping center.<\/p>\n","protected":false},"author":861,"featured_media":1004232086,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,1492,21742,21749],"tags":[34398,33190,35708],"class_list":["post-1004232082","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-miami","category-latest","category-retail","tag-crec","tag-ddr-corporation","tag-stockbridge-capital-group"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Stockbridge Grabs $40 South FL Retail Asset - 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