Westfield Brandon Shopping Center Sells for $220 Million – Robert Khodadadian
Unibail-Rodamco-Westfield has completed the sale of Westfield Brandon, a regional shopping center in Brandon, FL. North American Development Group acquired the asset for $220 million in a joint venture with an institutional partner.
Westfield Brandon is an A-minus-rated 1.15 million-square-foot mall with an occupancy of 84.5 percent. It opened in 1995 as the Brandon Town Center. In 2002 it was renamed Westfield Shoppingtown Brandon when it was purchased by Westfield. The name was shortened to Westfield Brandon in 2005.
The location off Interstate 75 and Lee Roy Selmon Expressway has made it a popular shopping destination, even as changing consumer habits have changed the industry. It is among the top five regional malls in the nation, with almost 7 million visitors in the last year.
The buyer, North American Development Group, has more than $5 billion in assets around the country. Florida assets include shopping centers in Clearwater, Tampa, and Seminole.
The post Westfield Brandon Shopping Center Sells for $220 Million appeared first on Connect CRE.
Unibail-Rodamco-Westfield has completed the sale of Westfield Brandon, a regional shopping center in Brandon, FL. North American Development Group acquired the asset for $220 million in a joint venture with an institutional partner. Westfield Brandon is an A-minus-rated 1.15 million-square-foot mall with an occupancy of 84.5 percent. It opened in 1995 as the Brandon Town …
The post Westfield Brandon Shopping Center Sells for $220 Million appeared first on Connect CRE.
Robert Khodadadian has long had a simple philosophy about selling real estate. There are approximately a million buildings in the city, and the broker that gets to sell any one among the multitude that will hit the auctioning block at a given moment is, sometimes, simply the person who happens to pitch their services to the right seller.
robert khodadadian, skyline properties, commercial real estate, off market real estate, daniel shirazi, real estate investment, new york real estate