Arcadia Buys South Florida Shopping Center for $68M

Arcadia Buys South Florida Shopping Center for $68M

Arcadia Property Trust paid $68 million for a shopping center in Greenacres, Fla., marking its return to South Florida retail after selling a Lincoln Road portfolio for nearly $350 million a decade ago. Called Pinewood Square, the 204,000-square-foot property sits at 6330 Lantana Road, at the intersection of Lantana and Jog roads. The complex, which is 99 percent leased to 42 tenants, features a 96,586-square-foot anchor structure as well as six…