{"id":1004662359,"date":"2023-05-12T06:12:44","date_gmt":"2023-05-12T14:12:44","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004662359"},"modified":"2023-05-12T06:16:58","modified_gmt":"2023-05-12T14:16:58","slug":"ws-development-becomes-part-owner-of-florida-lifestyle-center","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/ws-development-becomes-part-owner-of-florida-lifestyle-center\/","title":{"rendered":"WS Development Becomes Part Owner of Florida Lifestyle Center"},"content":{"rendered":"
\"Avenue<\/a>

The Avenue Viera. Image courtesy of WS Development<\/em><\/p><\/div>\n

WS Development <\/strong>has partnered with\u00a0PGIM Real Estate<\/strong> in the ownership of The Avenue Viera, a 550,000-square-foot lifestyle center in Viera, Fla. The deal marks WS’ third investment in the Sunny State.<\/p>\n

PGIM has been the owner of the Brevard County asset since 2006; the company purchased it for $87.6 million, according to CommercialEdge data. Following the current transaction, PGIM and WS will jointly own the open-air center, with the latter managing the property.<\/p>\n

The Avenue Viera occupies more than 62 acres within Viera, a master-planned community comprising more than 3.8 million square feet of commercial space. Completed in 2004, the retail center<\/a> is home to nearly 90 tenants including\u00a0Sephora, AMC Theatres, Bed Bath & Beyond<\/a>, AT&T, Kohl\u2019s, Lululemon, Spectrum, Hallmark, Famous Footwear and Claire\u2019s.\u00a0The property is right off Interstate 95 at 2221 Town Center Ave.<\/p>\n

PGIM recently sold two Florida retail centers<\/a> totaling 181,000 square feet. Phillips Edison & Co. acquired the Publix-anchored assets located in Miramar and Jensen Beach.<\/p>\n","protected":false},"excerpt":{"rendered":"

PGIM Real Estate has owned the 550,000-square-foot asset since 2006. <\/p>\n","protected":false},"author":3014,"featured_media":1004662361,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21783,21742,21749],"tags":[34714,40155],"class_list":["post-1004662359","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment","category-latest","category-retail","tag-pgim-real-estate","tag-ws-development"],"acf":[],"yoast_head":"\nWS Development Becomes Part Owner of Florida Lifestyle Center - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"WS Development partnered with PGIM Real Estate in the ownership of The Avenue Viera, a 550,000-square-foot lifestyle center in Viera, Fla.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/ws-development-becomes-part-owner-of-florida-lifestyle-center\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"WS Development Becomes Part Owner of Florida Lifestyle Center\" \/>\n<meta property=\"og:description\" content=\"WS Development partnered with PGIM Real Estate in the ownership of The Avenue Viera, a 550,000-square-foot lifestyle center in Viera, Fla.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/ws-development-becomes-part-owner-of-florida-lifestyle-center\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2023-05-12T14:12:44+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-05-12T14:16:58+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/05\/Avenue-Viera_19-e1683886516268.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1440\" \/>\n\t<meta property=\"og:image:height\" content=\"1080\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Diana Firtea\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/ws-development-becomes-part-owner-of-florida-lifestyle-center\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/ws-development-becomes-part-owner-of-florida-lifestyle-center\/\",\"name\":\"WS Development Becomes Part Owner of Florida Lifestyle Center - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/ws-development-becomes-part-owner-of-florida-lifestyle-center\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/ws-development-becomes-part-owner-of-florida-lifestyle-center\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/05\/Avenue-Viera_19-e1683886516268.jpg\",\"datePublished\":\"2023-05-12T14:12:44+00:00\",\"dateModified\":\"2023-05-12T14:16:58+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/a0c04b9de1387474e28c9ebdb0444e59\"},\"description\":\"WS Development partnered with PGIM Real Estate in the ownership of The Avenue Viera, a 550,000-square-foot lifestyle center in Viera, Fla.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/ws-development-becomes-part-owner-of-florida-lifestyle-center\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/ws-development-becomes-part-owner-of-florida-lifestyle-center\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/ws-development-becomes-part-owner-of-florida-lifestyle-center\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/05\/Avenue-Viera_19-e1683886516268.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/05\/Avenue-Viera_19-e1683886516268.jpg\",\"width\":1440,\"height\":1080,\"caption\":\"Avenue Viera. Image courtesy of WS Development.\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/ws-development-becomes-part-owner-of-florida-lifestyle-center\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"WS Development Becomes Part Owner of Florida Lifestyle Center\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/a0c04b9de1387474e28c9ebdb0444e59\",\"name\":\"Diana Firtea\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/02\/DianaFirtea_AuthorPhoto.jpg?w=96\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/02\/DianaFirtea_AuthorPhoto.jpg?w=96\",\"caption\":\"Diana Firtea\"},\"description\":\"Diana Firtea is an associate editor with Commercial Property Executive and Multi-Housing News. She has been with the company for almost four years and joined the CPE-MHN team in 2022. Diana writes stories on different topics, mainly focusing on the affordable, senior, office and retail markets. You can reach out to her at diana.firtea@cpe-mhn.com.\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/author\/diana-firtea\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"WS Development Becomes Part Owner of Florida Lifestyle Center - Commercial Property Executive","description":"WS Development partnered with PGIM Real Estate in the ownership of The Avenue Viera, a 550,000-square-foot lifestyle center in Viera, Fla.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/ws-development-becomes-part-owner-of-florida-lifestyle-center\/","og_locale":"en_US","og_type":"article","og_title":"WS Development Becomes Part Owner of Florida Lifestyle Center","og_description":"WS Development partnered with PGIM Real Estate in the ownership of The Avenue Viera, a 550,000-square-foot lifestyle center in Viera, Fla.","og_url":"https:\/\/www.commercialsearch.com\/news\/ws-development-becomes-part-owner-of-florida-lifestyle-center\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2023-05-12T14:12:44+00:00","article_modified_time":"2023-05-12T14:16:58+00:00","og_image":[{"width":1440,"height":1080,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/05\/Avenue-Viera_19-e1683886516268.jpg","type":"image\/jpeg"}],"author":"Diana Firtea","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/ws-development-becomes-part-owner-of-florida-lifestyle-center\/","url":"https:\/\/www.commercialsearch.com\/news\/ws-development-becomes-part-owner-of-florida-lifestyle-center\/","name":"WS Development Becomes Part Owner of Florida Lifestyle Center - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/ws-development-becomes-part-owner-of-florida-lifestyle-center\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/ws-development-becomes-part-owner-of-florida-lifestyle-center\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/05\/Avenue-Viera_19-e1683886516268.jpg","datePublished":"2023-05-12T14:12:44+00:00","dateModified":"2023-05-12T14:16:58+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/a0c04b9de1387474e28c9ebdb0444e59"},"description":"WS Development partnered with PGIM Real Estate in the ownership of The Avenue Viera, a 550,000-square-foot lifestyle center in Viera, Fla.","breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/ws-development-becomes-part-owner-of-florida-lifestyle-center\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/ws-development-becomes-part-owner-of-florida-lifestyle-center\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/ws-development-becomes-part-owner-of-florida-lifestyle-center\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/05\/Avenue-Viera_19-e1683886516268.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/05\/Avenue-Viera_19-e1683886516268.jpg","width":1440,"height":1080,"caption":"Avenue Viera. Image courtesy of WS Development."},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/ws-development-becomes-part-owner-of-florida-lifestyle-center\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"WS Development Becomes Part Owner of Florida Lifestyle Center"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/a0c04b9de1387474e28c9ebdb0444e59","name":"Diana Firtea","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/02\/DianaFirtea_AuthorPhoto.jpg?w=96","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/02\/DianaFirtea_AuthorPhoto.jpg?w=96","caption":"Diana Firtea"},"description":"Diana Firtea is an associate editor with Commercial Property Executive and Multi-Housing News. She has been with the company for almost four years and joined the CPE-MHN team in 2022. Diana writes stories on different topics, mainly focusing on the affordable, senior, office and retail markets. You can reach out to her at diana.firtea@cpe-mhn.com.","url":"https:\/\/www.commercialsearch.com\/news\/author\/diana-firtea\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/05\/Avenue-Viera_19-e1683886516268.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004662359","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/3014"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004662359"}],"version-history":[{"count":10,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004662359\/revisions"}],"predecessor-version":[{"id":1004662474,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004662359\/revisions\/1004662474"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004662361"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004662359"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004662359"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004662359"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}