The Deerfield Mall, a Publix anchored retail scheme, had been purchased buy Houston-based REIT Weingarten Realty Investors for $92.75 million in two transactions. The REIT first purchased a 17,387 sqf retail property at 3600 West Hillsboro Blvd. in Deerfield Beach, right next to the mall, for $6 million. The second purchase included the 411,712 sqf shopping center along with all the outparcel buildings except for the Wells Fargo branch. Located on W. Hillsboro Blvd., the mall traded for just over $210 per sqf. National tenants in the mall include dine-in movie theater Cinepolis, T.J. Maxx, Sports Authority, Marshalls, Chick-Fil-A, YouFit, MDNow, Supercuts, Citibank, Gamestop, Dollar Tree, Wing Stop, Amtrust Bank, First Watch and Taco Bell.
“Weingarten’s acquisition of Deerfield Mall is consistent with our disciplined strategy to acquire dominant centers in high barrier to entry markets,” said Richard Carson, regional VP of development and acquisitions for Weingarten Realty Investors. “The center is anchored by a market-leading grocer and top-tier power center tenants and further strengthens our Florida portfolio of high-performing centers.”
