Equity One sold its 50,146-square-foot Plaza Del Rey Shopping Center in Miami, Fla.
The transaction was valued at $9 million.
Plaza Del Rey, which was 100 percent leased at the time of the sale, is anchored by a Navarro pharmacy. The property was constructed in 1985 and is located at the intersection of Flagler Street and S.W. 102nd Avenue.
“We are pleased to have completed the sale of Plaza Del Rey, the very first property acquired by our company in 1991,” said Equity One Chairman and CEO Chaim Katzman.
Equity One is a real estate investment trust that acquires, renovates, develops and manages shopping centers.
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