Sunny Isles Beach, FL (Issued September 15, 2021) — Continuing its aggressive expansion in South Florida’s hot retail real estate market, RK Centers of Sunny Isles Beach has acquired the Winn Dixie Anchored, Park View Square in Miramar, FL, for $15,680,000.
The property’s new name is RK Park View Square, according to the announcement by Andrew Zidar, RK Centers’ VP of Development and Acquisitions. The property is located at 17051 Miramar Parkway consists of 70,000 square feet situated on 9.33 acres. The seller, Philips Edison & Company, and RK Centers were represented by Dennis Carson of CBRE.
“This acquisition continues with our strategy to add quality grocery anchored shopping centers in strong performing markets throughout South Florida. Miramar is an area that has seen significant growth over the last few years and will continue to do so moving forward.”Andrew Zidar, Vice President of Development and Aquisitions
RK Centers owns and manages over 2,700,000 square feet in South Florida. This is RK’s fifth deal in Florida in the past 18 months. These acquisitions total over $75,000,000 and a total 264,075 square feet. In the same 18 months, RK Centers has also invested an additional $52,000,000 in Massachusetts and 245,968 square feet.
About RK Centers: RK Centers is a privately held family-owned real estate development company that owns and manages over 9 million square feet of commercial retail space, primarily ‘open air’ regional and community shopping centers in New England and South Florida. With a minimal amount of leverage, the company closes on acquisitions within 30 days with its own funds. With over 35 years of experience in real estate, RK Centers has a proven track record of success with tenants, customers, and communities with all leasing and management functions performed in-house. For company and property information, visit www.rkcenters.com