Dividend Capital has acquired the Suniland Shopping Center in the Pinecrest submarket of Miami for $66.5 million. The Denver based company paid $810 per square foot for the 82,000 sqf property at 11325 South Dixie Highway. The retail center’s tenants include Flanigans, Piola, SunTrust, Citicorp, the U.S. Post Office, CVS, Nicklaus Children’s Hospital, Pete’s Barber Shop and Wagons West. The seller, Suniland Associates, an affiliate of Terranova Corp. bought the shopping center for a combined $10.42 million between 1994 and 1996.
