$57.47M financing secured for South Florida grocery-anchored retail centers

MIAMI, Oct. 9, 2025 – JLL Capital Markets announced today that it has arranged a combined $57.47 million in financing for Country Club Plaza and Cypress Commons, two grocery-anchored shopping centers located in Miami Gardens and Tamarac, Florida, respectively.

JLL worked on behalf of the borrower, Jamestown, in arranging the individual loans through Synovus.

Country Club Plaza and Cypress Commons, previously known as Tamarac Town Square, represent Jamestown's continued commitment to and expansion of its South Florida retail portfolio, building on the company's extensive experience in grocery-anchored shopping centers. Both properties benefit from strategic locations in densely populated South Florida submarkets with strong demographic profiles and established retail corridors.

Country Club Plaza, a 100,893-square-foot shopping center located in Miami Gardens, sits at the highly trafficked intersection of SR-860 and Ludlam Rd, approximately 13 miles northwest of Downtown Miami. Opened in 1985, the Property has over 40 years of strong operating history anchored by Publix and CVS, serving the retail needs of the immediate trade area.

Cypress Commons, a 135,128-square-foot, Publix-anchored neighborhood shopping center, is positioned at the intersection of Pine Island Rd. and Southgate Blvd in Tamarac, approximately 11 miles northwest of Downtown Fort Lauderdale. Currently 86% leased, Jamestown has successfully executed 28,000 square feet of new and renewal leasing since its April 2024 acquisition, with tenants in addition to Publix, including a strong roster of local, regional and national retailers.

South Florida continues to experience robust population growth and strong retail fundamentals, making it an attractive market for grocery-anchored retail investments. Country Club Plaza and Cypress Commons offer a tenant mix that provides long-term income streams along with inline tenants and value-add improvements to serve the evolving needs of their communities. Both properties benefit from Jamestown's substantial experience in retail development and management.

Jamestown has invested in community-focused, grocery-anchored shopping centers for over 30 years. The firm’s current portfolio of grocery-anchored shopping centers includes eight properties across Georgia and Florida totalling approximately 1.2 million square feet.

JLL Capital Market’s Debt Advisory team representing the borrower was led by Managing Director Matt Casey, Director Paul Adams, Associate Hunter Rich and Analyst Aaliyah St. Louis.

"Jamestown's experience in grocery-anchored retail and demonstrated leasing success at both of these assets, combined with the strategic locations, makes them compelling investment opportunities in today's market," said Casey. “Building on several decades of strong performance, both properties are well positioned today for additional growth and success in the years ahead.”

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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Jamestown is a global real estate investment and management company with over 40 years of experience creating places that foster innovation and build community. As of June 30, 2025, Jamestown manages $14.4 billion in assets across the U.S., Europe, and Latin America. Jamestown employs more than 600 people globally across 11 offices, including headquarters in Atlanta and Cologne. Through its vertically integrated platform, Jamestown brings a design-focused, hospitality approach to diverse product types, including retail, office, residential, mixed-use, and grocery-anchored shopping centers. Jamestown’s current and previous projects include One Times Square and Chelsea Market in New York, Industry City in Brooklyn, Ponce City Market in Atlanta, and Groot Handelsgebouw in Rotterdam. For more information, visit www.jamestownlp.com. 

Synovus is a full-service, top-performing mid-cap bank with over $57 billion in assets and $7.3 billion in capital that has been named one of Newsweek's Most Trustworthy Companies. The company's purpose is to enable people to reach their full potential and pursue that aspiration in all the communities they serve across the Southeast and beyond.