Suniland Shopping Center in Pinecrest Sells for $56M Profit
CURBED — June 1, 2016 — BY JOSH BAUMGARD. Terranova’s Suniland Associates Ltd., just sold Suniland Shopping Center for a whopping $66.5 million to Denver-based Dividend Capital Property Fund.
The 82,000-square-foot property was originally purchased beginning 22 years ago in two transactions, notes the release, in 1994 for $9.3 million and an out piece in 1996 for $1.1 million.
It’s located off 112th Street and US1, with tenants including Flanigans, SunTrust, U.S. Post Office, CVS, and Wagons West, a longtime favorite.
