A Miami-based investor has purchased the Palm Square shopping center in Pembroke Pines for $17.6 million. The buyer is a company headed by Herve Barbera who is linked to BAR Invest Management Services. Built in 1987 on an 8 acre site, the property is located at 9801 Pines Boulevard and boosts 80,566 square feet. The seller, real estate development and investment company Pebb Enterprises, bought the property in 1990 for $3.3 million. BankUnited provided a $11.44 million mortgage to the buyer to complete the transaction.
