Longpoint Partners Acquires Shopping Centre in Florida for USD 43.25m.

MANews-(C)2009-2022

Boston, US-based real estate investment company Longpoint Partners has acquired Florida-based shopping centre El Paraiso for USD 43.25m, the company said.

El Paraiso Shopping Center is 98 % occupied, anchored by Sedano's, includes University Healthcare, Regions Bank and Pet Supermarket, and more than 30 other shops that serve the surrounding community.

Longpoint currently owns and operates three additional speciality grocery-anchored shopping centres in Florida, including the Sedano's-anchored Pembroke Place, a Fresco y Mas-anchored Naranja Lakes near Miami and the presidente-anchored Chickasaw Trail Shopping Center in Orlando, comprising nearly 450,000...

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