JLL Capital Markets completes $87.5M sale of CityPlace Doral

MIAMI – Jun. 11, 2025 –  JLL Capital Markets announced today that it has completed the $87.5 million sale of CityPlace Doral, a 235,096-square-foot, grocery-anchored destination retail center in Doral, Florida.

JLL represented the seller, PGIM Real Estate, and procured the buyer, Continental Realty Corporation. JLL also worked on behalf of Continental Realty Corporation to secure an acquisition loan.

Completed in 2017, CityPlace Doral is a multi-building destination retail center that is currently 82% leased. Prominent tenants include The Fresh Market, CMX Cinebistro, Anatomy, Novecento, Coopers Hawk, Carrot Express and Tap 42, among others. The 17.66-acre site also includes two parking garages totalling 1,692 spaces and a luxury residential property (which was not a part of the transaction).

CityPlace Doral is located at 8300 NW 36^th St. in a high traffic location that sees more than 2.3 annual visitors per year. The property is easily accessible from the Palmetto Expressway, Dolphin Expressway and Florida’s Turnpike and is surrounded by numerous economic demand drivers, including 16 Fortune 500 companies. The City of Doral is one of the fastest growing cities in the country with more than 83,000 people and an average household income of $125,079.

JLL’s Capital Markets Investment Sales and Advisory team representing the seller was led by Senior Managing Director Danny Finkle, Senior Director Jorge Portela and Vice President Kim Flores.

JLL Capital Market’s Debt Advisory team led by Senior Director Michael DiCosimo and Associate Maddy McMillen represented the Buyer, facilitating a $58,327,000 loan from a regional bank for the acquisition and lease-up of the Property.

“CityPlace Doral is the dominant retail and entertainment district in Doral boasting a solid performing tenancy and strong leasing prospects, which drove significant investor interest in the offering,” said Finkle. “Retail continues to be one of the best performing asset classes in South Florida and we continue to see an insatiable appetite from investors and lenders to deploy capital throughout the market.”  

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

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Headquartered in Baltimore, Maryland and founded in 1960, Continental Realty Corporation is a full-service commercial real estate and investment company focused on acquiring and operating retail and multifamily properties. The privately held firm owns and manages a diversified portfolio of retail centers consisting of approximately eight million square feet of commercial space and more than 10,000 apartment homes across 13 states, with a portfolio value exceeding $4 billion. For additional information, visit www.crcrealty.com