Michael Etemad

• Licensed Real Estate Salesperson; Florida
• CFA Chartholder

• University of Pennsylvania, Bachelor of Arts

Various, FL
1,280,314 SF | $136,000,000
Eight open air shopping centers totaling 1,280,314 square feet of leasable area with average occupancy of 78% at the time of sale. The Portfolio includes five assets in Orlando, two in Southeast Florida and one in Port Charlotte. Key tenants include 24 Hour Fitness, Ashley Furniture, Bealls Outlet, Bed Bath & Beyond, Floor and Décor, Haverty’s, Michael’s, Office Depot, O2B Kids, Publix, Ross Dress for Less, Staples, Stein Mart and Toys R Us.

Palm Beach Gardens, FL
425,316 SF | $101,660,000
A ± 425,316 square foot market dominant regional open air shopping center in Palm Beach Gardens, Florida. Legacy Place was 72% occupied at the time of sale and anchored by Barnes & Noble, Bassett Furniture, Best Buy, Ethan Allen, Michael’s, Nicklaus Children’s Hospital, Petco, The Container Store and Total Wine & More.

Royal Palm Beach, FL
346,200 SF | $96,750,000 
A 346,200 SF community shopping center located in Royal Palm Beach, FL. The property was built in 2007 and 95% occupied at the time of sale. Key tenants include Costco (on a ground lease), Marshall’s/Homegoods and 24 Hour Fitness.

Boca Raton, FL
117,106 SF | $90,000,000 
A truly irreplaceable upscale regional retail & dining destination positioned in the heart of one of the nation’s strongest high income markets – Boca Raton, FL. The property totals ~117,000 SF of GLA and features a highly successful Total Wine, as well as upscale retail and eatery destinations such as Rocco’s Taco’s, Tap 42, Starbucks and numerous others. The sale included a 1.8 acre developable outparcel as well as a free-standing McDonalds.

Boynton Beach, FL
174,996 SF | $79,500,000 
A 178,346 SF institutional-quality community shopping center anchored by a successful Publix grocery store and LA Fitness Signature Club which opened in January 2021 in a newly constructed building.

Miami, FL
126,133 SF | $78,200,000 
The retail and parking components of Downtown Dadeland totaling 126,133 SF. The property was built in 2008 and was 96% occupied at the time of sale. Key tenants include Verizon, Chili’s, West Elm, Men’s Wearhouse, Panera Bread, Orange Theory Fitness & Paul Mitchell the School. 

Boynton Beach, FL
146,759 SF | $70,150,000 
A core quality, 146,759 SF community shopping center anchored by a Publix grocery store. The property was built in 2008 and 99% leased at the time of sale. Additional national/regional tenants include JFK Medical Center, Subway, The Keyes Company & Stretch Zone plus an unowned Walgreens which adjoins the site.

Trinity, FL
146,715 SF | $68,000,000 
A 146,715 SF core-quality, grocery anchored community center located in Trinity, FL (Tampa MSA). Built in 2019 and 100% leased at the time of sale, the Property is anchored by Sprouts, Homegoods, Michaels, ULTA and Sketchers. The sale included two outparcels ground leased to Aussie Grill and AutoZone.

Windermere, FL
151,752 SF | $64,000,000 
A rare core quality, 151,752 SF grocery anchored community shopping center located in Windermere, FL – the most affluent municipality in the Orlando MSA. Anchored by a high volume Publix and LA Fitness Signature Club, the property has a diverse mix of service, neighborhood retail, dining and convenience tenants including Wells Fargo (endcap with drive-thru), Panera Bread (ground leased outparcel with drive-thru), BurgerFi, Charles Schwab, GNC, Great Clips, Jeremiah’s Italian Ice and The Joint.

Stuart, FL
255,072 SF | $48,500,000 
A 255,072 SF market-dominant power center anchored by Best Buy, Marshalls, Ross Dress for Less, City Furniture/Ashley HomeStore, ULTA, PetSmart, and Shoe Carnival. Located in Stuart, FL and built in 2005, the property is the premier shopping center within a primary regional retail concentration.