{"id":1004672195,"date":"2023-07-18T05:11:08","date_gmt":"2023-07-18T13:11:08","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004672195"},"modified":"2023-07-18T05:11:10","modified_gmt":"2023-07-18T13:11:10","slug":"south-florida-retail-center-commands-39m","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/south-florida-retail-center-commands-39m\/","title":{"rendered":"South Florida Retail Center Commands $39M"},"content":{"rendered":"
\"Bluffs<\/a>

Bluffs Square Shoppes. Image courtesy of Sterling Organization<\/em><\/p><\/div>\n

BPS Partners FL LLC<\/strong> has acquired Bluffs Square Shoppes, a 123,917-square-foot shopping center in Jupiter, Fla., for $39.1 million. JLL<\/strong> represented the seller<\/a> in the transaction, Sterling Organization. <\/strong>The asset was 98 percent leased when the deal closed.<\/p>\n

The retail center last traded in 2019, when Sterling Organization, through one if its fully discretionary investment funds, acquired it for almost $26 million from Regency Centers in an off-market transaction.<\/p>\n

Bluffs Square Shoppes came online in 1986, on a 14.7-acre site, with Publix as current anchor. Other tenants include Walgreens, Locals Surf Shop, TooJay\u2019s Deli, CrossFit Sea Dog and Grind Juice Co. Located at 4050 US Highway 1, the retail center is adjacent to Ocean Cay Park and the Juno Beach Pier.<\/p>\n

The area\u2019s demographics are favorable, with an average household income of more than $150,000 within a 3-mile radius as of 2019, according to Sterling Organization. The center is situated in a submarket with a stable cash flow and has strong redevelopment capacity, said Jorge Portela in prepared remarks.<\/p>\n

Senior Managing Director and co-lead of JLL\u2019s Retail Capital Markets Group Danny Finkle, Senior Directors Jorge Portela and Eric Williams and Vice President Kim Flores worked on behalf of the seller in the transaction.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Publix-anchored property last traded in 2019. <\/p>\n","protected":false},"author":436,"featured_media":1004672198,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21783,1492,21742,21749,32781],"tags":[32796,33003,36215],"class_list":["post-1004672195","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment","category-miami","category-latest","category-retail","category-southeast","tag-jll","tag-regency-centers-corporation","tag-sterling-organization"],"acf":[],"yoast_head":"\nSouth Florida Retail Center Commands $39M - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"BPS Partners FL LLC has acquired a Publix-anchored shopping center in South Florida for $39.1 million, with JLL overseeing the deal.\" \/>\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\/south-florida-retail-center-commands-39m\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"South Florida Retail Center Commands $39M\" \/>\n<meta property=\"og:description\" content=\"BPS Partners FL LLC has acquired a Publix-anchored shopping center in South Florida for $39.1 million, with JLL overseeing the deal.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/south-florida-retail-center-commands-39m\/\" \/>\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=\"2023-07-18T13:11:08+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-07-18T13:11:10+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/07\/Bluffs-Square-Shoppes.-Image-courtesy-of-Sterling-Organization.png\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Adina Rogoz\" \/>\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\/south-florida-retail-center-commands-39m\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/south-florida-retail-center-commands-39m\/\",\"name\":\"South Florida Retail Center Commands $39M - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/south-florida-retail-center-commands-39m\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/south-florida-retail-center-commands-39m\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/07\/Bluffs-Square-Shoppes.-Image-courtesy-of-Sterling-Organization.png\",\"datePublished\":\"2023-07-18T13:11:08+00:00\",\"dateModified\":\"2023-07-18T13:11:10+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/1e376ba4add70694b922380ddbe946d8\"},\"description\":\"BPS Partners FL LLC has acquired a Publix-anchored shopping center in South Florida for $39.1 million, with JLL overseeing the deal.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/south-florida-retail-center-commands-39m\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/south-florida-retail-center-commands-39m\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/south-florida-retail-center-commands-39m\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/07\/Bluffs-Square-Shoppes.-Image-courtesy-of-Sterling-Organization.png\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/07\/Bluffs-Square-Shoppes.-Image-courtesy-of-Sterling-Organization.png\",\"width\":800,\"height\":620,\"caption\":\"Bluffs Square Shoppes. 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