JLL Clinches $66M Deal For Miami Retail Center Sale

Law360 (Jan. 15, 2021, 5:23 p.m. EST) – Florida-based real estate company Midtown Development has bought a Miami retail center that also includes office space from a company of three real estate companies for $ 65.5 million, according to a Friday announcement of the sell-side broker Jones Lang LaSalle Inc.

The deal is for The Shops at Sunset Place, which is 514,690 square feet, and the seller is a Federal Realty Investment Trust company, Grass River Property and Comras Co. Grass River will continue in his real estate manager roles, JLL said Friday.

Contact information for Midtown Development was not immediately available on Friday.

The property, at 5701 …

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