**Bain Capital, 11North Partners Acquire $395M Retail Portfolio**
Bain Capital and 11North Partners have acquired a portfolio of ten open-air retail centers for approximately $395 million. The transaction, conducted as a private deal, was executed through a partnership between Bain Capital Real Estate and 11North Partners. The joint venture is focused on acquiring and operating open-air retail centers across the United States and Canada.
This acquisition follows the team’s recent purchase of three open-air lifestyle retail centers in Oklahoma City.
Located across key Florida submarkets—including Fort Lauderdale, Orlando, Tampa, and Palm Beach—as well as in Charleston, South Carolina, the newly acquired properties include:
– Sawgrass Square
– Plantation Promenade
– Miramar Commons
– Rolling Oaks
– Promenade at Poinciana
– Solivita Marketplace
– New Tampa Center
– Lake Worth Plaza
– Garden Shops at Boca
– Point Hope Commons in Charleston
Together, the ten properties total more than one million square feet of gross leasable area, with in-place occupancy exceeding 93 percent. Seven of the centers are anchored by Publix, a leading grocery retailer in the Southeast.
