January 27, 2016
Redfearn Capital, based in Delray Beach, FL has joined forces with Hampshire Real Estate Cos. of New Jersey, to acquire the Shoppes at St. Lucie West in Port St. Lucie, FL. The shopping center encompasses 264,000-square feet, and is anchored by a 48,890-square-foot Publix supermarket.
The joint venture paid $77 million to seller Menin Development Inc. of Florida for the asset at 1315-1363 St. Lucie West Blvd. The transaction includes an additional 13 acres approved for development of 120,000 square feet of retail space.
Other tenants at the Shoppes include Burlington Coat Factory, LA Fitness and Home Goods.