Monthly Archives : June 2015

CPAC nearly triples investment on retail asset

Are there still value-added opportunities in Miami retail? Underperforming assets aren’t exactly low hanging fruit but the firms willing to go out on a limb are finding commercial real estate profits. Miami-based private firm Continental Properties Acquisition Corporation (CPAC)…

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CPAC sells Palm Johnson Plaza for $8.45 million

Pembroke Pines, Fla. — Continental Properties Acquisition Corporation (CPAC) has sold Palm Johnson Plaza, a 90,000-square-foot retail center located in Pembroke Pines, for $8.45 million.

A Miami-based private investment group purchased the center. Prior to sale, CPAC completed a repositioning program including parking lot upgrades, landscaping and new tenant build outs. Tenants of the center include anchor Winn-Dixie and junior anchor Planet Fitness.

Tenants of Palm Johnson Plaza include anchor Winn-Dixie and junior anchor Plant Fitness.

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Edgewater church plans to sell two-acre waterfront lot

Sometimes even a house of God has to know when to cash out. With land prices soaring in Miami, a nondenominational church plans to sell a two-acre bayfront plot in Edgewater that has been its home since 1961. “We were faced with making costly improvements and renovations in order to remain here,” said the Rev. Christopher Jackson, who has led the congregation at Unity on the Bay for nine years…

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