Stockbridge dips back into South Florida retail with $118M Uptown Boca purchase

Stockbridge Capital Group picked up a major South Florida retail center with a $118.4 million purchase of Uptown Boca’s shopping component.  An affiliate of San Francisco-based Stockbridge, led by Terry Fancher, bought the 150,591-square-foot shopping center anchored by a Whole Foods Market at 20940 Uptown Avenue in Boca Raton, records and real estate database Vizzda show. Other tenants include REI, Bonefish Grill, Sephora, Chick-fil-A, and Homesense. The purchase also included a 77,475-square-foot parking garage at 9536 Glades Road. The deal breaks down to $519 a square foot for the retail building and the garage, which were completed in 2020 along […]This article originally appeared on The Real Deal. Click here to read the full story.