Benderson Development has completed the purchase of the Shops at Midtown Miami.
JLL Capital Markets said it worked on behalf of the seller to complete the transaction.
The property has a leasing rate of 98.3%, and attracts 3.4 million annual visitors. It opened in 2006.
Tenants include Target, Ross Dress for Less, Dick’s Sporting Goods, Marshalls and HomeGoods.
Within a five-mile radius, there are over half a million residents with an average household income of $91,184.
There are also 2,860 structured garage parking spaces attached to the retail center.
(photo: JLL)