Flamingo Market Place
Pembroke Pines, Florida
Flamingo Market Place is a 137,000 square foot Winn Dixie anchored shopping center in Pembroke Pines, FL in the greater Miami trade area. The property was built in 1987 and is strategically located at the intersection of Flamingo Road and Pembroke Road, both primary thoroughfares with an average daily traffic count of 65,000 vehicles per day.
At acquisition, the center was anchored by a 44,000 square foot, Winn-Dixie Market Place which had a historical trend of a strong and continually increasing sales volume. Despite Winn Dixie’s strong performance at the center, they elected not to reaffirm their lease through their bankruptcy in favor of opening a new store in the market. PMAT’s proactive and aggressive leasing effor tsecured a strong regional operator, Bravo Supermarkets, to backfill the former grocer in a period of only three months. PMAT also completed a comprehensive redevelopment and re-tenanting of the center including the replacement of the grocer anchor, bringing total occupancy to 98%.