A Whole Foods-anchored retail center in Doral has changed hands in an $83 million transaction, marking a sizable trade for a recently delivered grocery-anchored asset. The property, known as Doral Marketplace, was sold by SJC Ventures to a buyer group led by Jonathan Perlman. As part of the deal, Perlman’s company assumed $50.1 million of existing debt tied to the shopping center, which is assigned to the Bank of Texas.
SJC Ventures began construction on Doral Marketplace in 2024, developing the project on a 10-acre site. The company has now recently completed the retail center, which totals 88,938 square feet. The center’s sales price translates to just under $1,000 per square foot, reflecting the valuation achieved on the newly built retail property. The transaction did not include a separate 1.88-acre portion of the overall property that is leased to Chick-fil-A, which remains outside the scope of this sale.
The anchor tenant at Doral Marketplace is a 43,000-square-foot Whole Foods store, which opened earlier in the summer. The presence of Whole Foods provides a national grocery anchor at the center, aligning the property with the broader trend of investors seeking necessity-based retail. The grocery store’s recent opening coincides with the completion of the wider shopping center, positioning the property as a newly stabilized asset in the Doral retail landscape.
In addition to Whole Foods, Doral Marketplace features a mix of retailers and service-oriented tenants. Notable brands at the center include J. Crew, Shake Shack, First Watch, GoodVets, The Spot Barbershop, Encore Nails, Vio MedSpa, and Apizza Brooklyn Resto + Vino. This tenant lineup combines apparel, food and beverage, health and wellness, and personal services, offering a diversified merchandising mix across the center’s footprint.
The buyer, led by Perlman, is active in senior living and memory care operations, although this acquisition is a retail investment rather than a healthcare or residential facility. The assumption of the existing Bank of Texas debt indicates that the transaction structure relied in part on in-place financing rather than a complete refinancing of the capital stack. For SJC Ventures, the sale of the newly completed shopping center represents a disposition of a ground-up development undertaken over roughly a two-year period from groundbreaking to full delivery.
With its recently opened Whole Foods anchor and a roster of national and regional tenants, Doral Marketplace emerges from this trade as a newly stabilized, grocery-anchored shopping center under new ownership. The transaction highlights ongoing investor interest in recently developed retail assets with strong anchors, as well as the continued role of bank financing in supporting capital structures for high-quality, necessity-focused retail projects.
