South Florida’s largest retail trades of 2025 were headlined by Simon Property Group’s purchase of Brickell City Centre’s shops and a wave of institutional capital targeting grocery-anchored centers and lifestyle assets from Miami’s urban core to Palm Beach County suburbs.
The 10 biggest deals totaled more than $1.2 billion, a significant bump in transaction volume compared to 2024 when the top ten deals totaled $556 million. Investors were willing to pay high prices per square foot for well-leased retail assets with strong tenant rosters.
1. $512M | Brickell City Centre | Simon Property Group
Indianapolis-based Simon, led by CEO David Simon, claimed the most-expensive retail purchase with a takeover of the 500,000-square-foot retail mall at Brickell City Centre. Simon bought partner Swire Properties’ 75 percent stake for $512.6 million. The acquisition, at about $1,367 per square foot, gave Simon control of one of Miami’s highest-profile mixed-use shopping destinations in the heart of Brickell.
2. $133M | Marketplace at the Outlets | Invesco Real Estate
Coming in second place is Invesco Real Estate’s $133.25 million acquisition of Marketplace at the Outlets, a 303,800-square-foot open-air center in West Palm Beach. The June deal breaks down to $439 per square foot, and the price was roughly $3 million above the sale price three years ago. Atlanta-based Invesco, led by CEO Andrew Schlossberg, assumed a $79 million loan in the transaction. The seller, billionaire Barry Sternlicht’s Starwood Capital Group, paid $130 million for the Whole Foods-anchored shopping center in 2022.
3. $131M | Abbey at Aventura | Turnberry, Simon Property Group
Turnberry and Simon teamed up for this purchase, acquiring Esplanade at Aventura, and renaming the outdoor office and retail center The Abbey at Aventura. The joint venture, which also owns the adjacent Aventura Mall, paid $131 million, or $600 a square foot, for the 219,000-square-foot property. The seller, New York-based Seritage Growth Properties, completed the retail center on the site of a former Sears big box store.
4. $118M | Uptown Boca | Stockbridge Capital
Stockbridge Capital Group, led by Terry Fancher, picked up the retail component of Uptown Boca, a mixed-use project in Boca Raton, for $118.4 million. Anchored by a Whole Foods, the 194,900-square-foot shopping center traded for $607 per square foot. The seller, a partnership between Giles Capital Group, Rosemurgy Properties, Schmier Property Group and Wheelock Street Capital, developed Uptown Boca, which included a seven-building multifamily complex that the joint venture sold in 2021.
5. $110M | Atlas Plaza | Pontegadea
Spanish billionaire Amancio Ortega’s Pontegadea dropped $110 Million for Atlas Plaza in the Miami Design District in the fifth-biggest retail transaction of 2025. Pontegadea paid $5,500 a square foot for a 20,000-square-foot retail building that includes longtime Design District restaurant Michael’s Genuine and a Rolex store. A partnership between David Edelsterin’s Tricap, Aby Rosen’s RFR and Commerz Real AG sold Atlas Plaza for $60 million above its sale price a decade ago, underscoring the Design District’s emergence as a luxury retail destination. The seller paid $50 million in 2015.
6. $88M | CityPlace Doral | Continental Realty Corporation
Baltimore-based Continental Realty Corp made its first plunge into the South Florida retail market this year. Continental, led by CEO JM Shapiro, acquired CityPlace Doral, a multi-level 235,100-square-foot open-air center in Doral, for $87.5 million, or $372 a square foot. The seller, PGIM Real Estate, co-developed CityPlace Doral, a development that also included two apartment buildings, with Coconut Grove-based Related Group and Coral Gables-based Shoma Group. The retail component is anchored by a Fresh Market store and CMX CineBistro.
7. $83M | Polo Club Shops | Publix
Publix went on a South Florida shopping spree this year, buying up retail centers where it has stores. The Lakeland-based grocery chain paid $83 million for Polo Club Shops in Boca Raton. The sale breaks down to $616 a square foot. Publix acquired the 134,800-square-foot retail plaza for $32 million above the sale price a decade ago. Jamestown paid $50.6 million in 2015.
8. $73M | Galleria Fort Lauderdale | GFO Investments and partners
A partnership of GFO Investments, InSite Group, Atlas Hill Real Estate and Prime Finance bought Galleria Fort Lauderdale for $73 million. The 799,900-square-foot mall sits on 31.6 acres in Fort Lauderdale that the joint venture plans to redevelop into nine 30-story towers offering about 3,000 housing apartments, a hotel and room for retail, restaurants and office space. The price amounts to $2.3 million per acre. Seller Keystone-Florida Holding Corporation paid $25.1 million for the property in 1993 and was asking over $100 million when it listed in 2023.
9. $72M | Hammocks Town Center | Publix
Publix paid $71.9 million in October for Hammocks Town Center in Kendall. The deal breaks down to $347 a square foot for the 207,500-square-foot shopping center anchored by a Publix supermarket. The buyer paid $54 million above the sale price in 1999, when Regency Centers Corporation paid $18 million for the 26.3-acre site.
10. $68.4M | Village Commons | Kite Realty Group
Indianapolis-based Kite Realty Group, led by CEO John Kite, paid $68.4 million in January for the 172,500-square-foot West Palm Beach shopping center anchored by a Publix store. The transaction breaks down to $397 a square foot. Kite bought Village Commons for $17 million above its purchase price more than a decade ago. Jamestown paid $51 million for the 21-acre property in 2014.
