Bain Capital, 11North JV snaps up 1M-SF grocery-anchored open-air retail portfolio for $395M from PGIM across Florida and South Carolina

8/5/2025

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CPE

• Subcategory: Retail: Shopping

• Tag: Sale

• Additional Filters-Subcategory: Retail: Grocery Anchored, Retail: Open-Air

• Additional Filters-Tags: Sale: Investment, Sale: Portfolio

• Company: Bain Capital (NYSE: BCSF), PGIM Real Estate (Prudential), 11North Partners

Bain Capital Real Estate and 11North Partners have acquired a portfolio of 10 open-air retail centers in Florida and South Carolina for about $395 million. PGIM Real Estate sold the assets that total more than 1 million square feet. Their occupancy currently exceeds 93 percent.