The private equity real estate firm Prudent Growth Partners LLC has completed its $8 million purchase of the Village Shoppes of Destin, a 28,834-square-foot multi-tenant shopping center located in Destin, Florida.
Built in 2007, the property is located within a retail corridor in Miramar Beach just off Emerald Coast Parkway, a major thoroughfare in Destin. The property is 93% occupied.
“We are very excited about the purchase of the Village Shoppes of Destin,” said Tom Hahn, president of Charlotte, North Carolina-headquartered Prudent Growth Partners. “We look forward to the performance of this property, given its great location and proximity within the coastal region of Destin and Miramar Beach. It is another strong acquisition in Florida for our investors and a great addition to our overall portfolio.”
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