Jones Lang LaSalle Inc.

11/12/2026 | Press release | Distributed by Public on 11/12/2026 09:15

JLL arranges sale of Promenade at Coconut Creek in South Florida

Key Takeaways

  • JLL facilitated the sale of Promenade at Coconut Creek, a 296,419-square-foot mixed-use lifestyle center in Coconut Creek, Florida.
  • AEW sold the property to Investments Limited.
  • The acquisition positions the buyer to capitalize on continued growth surrounding Coconut Creek's evolving mixed-use district and one of South Florida's most affluent consumer corridors.

MIAMI, Nov. 12, 2026 - JLL Capital Markets announced today that it arranged the sale of Promenade at Coconut Creek, a 296,419-square-foot, LEED Silver-certified open-air mixed-use lifestyle center located at 4467 Lyons Road in Coconut Creek, Florida.

JLL represented the seller, AEW, in the transaction. Investments Limited acquired the asset.

Situated on approximately 22.9 acres, Promenade at Coconut Creek is a mixed-use destination featuring 249,429 square feet of retail space and 46,990 square feet of office space. Built in 2008, the property was 76.6% leased at the time of sale and includes more than 40 retail, dining, entertainment, wellness and service-oriented tenants. The center is anchored by Silverspot Cinema, DSW and Guitar Center and is further supported by a diverse mix of nationally recognized retailers and restaurants, including The Cheesecake Factory, Sephora, Cooper's Hawk Winery & Restaurants, LoveSac and Warby Parker. The property also features a Class A office component anchored by Minto Communities, along with two structured parking garages and a total of 1,457 parking spaces.

As the only open-air mixed-use lifestyle center in North Broward County, Promenade at Coconut Creek benefits from being located within one of South Florida's most affluent and supply-constrained retail markets. The property offers direct access to Florida's Turnpike and the Sawgrass Expressway, providing connectivity throughout the South Florida region.

Immediately adjacent to the center is MainStreet Coconut Creek, a more than $1 billion master-planned development expected to deliver more than 2,360 residential units and a Whole Foods-anchored retail component upon completion. The surrounding area is also served by Fort Lauderdale-Hollywood International Airport and the Fort Lauderdale Executive Airport, reinforcing the location's regional connectivity.

The JLL Capital Markets team was led by Executive Managing Director Danny Finkle and Senior Director Jorge Portela, along with Vice President Kim Flores.

"Promenade at Coconut Creek stands apart as a true lifestyle destination that combines retail, dining, entertainment and office uses in a highly affluent South Florida location," said Finkle. "Investors were attracted to the property's unique market position, ongoing merchandising evolution and its ability to benefit from the significant growth taking shape around Coconut Creek."

JLL's Capital Markets group is a full-service global provider of capital solutions for real estate investors and occupiers. The group's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients, including investment sales and advisory, debt advisory, M&A and corporate finance, loan sales, equity & fund placement, net lease, derivative advisory and energy & infrastructure advisory. The group has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

For more news, videos and research resources, please visit JLL's newsroom.

About JLL

JLL (NYSE:JLL) is a leading global commercial real estate services and investment management company with annual revenue of $26.1 billion, operations in over 80 countries and a global workforce of approximately 112,000 as of September 30, 2026. For over 200 years, clients have trusted JLL, a Fortune 500® company, to help them confidently buy, build, occupy, manage and invest across a variety of industries and property types, including office, industrial, hotel, multi-family, retail and data center properties. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAY. Powered by rich global datasets and leading technology capabilities, we provide coordinated, end-to-end delivery of real estate services for a broad range of global clients who represent a wide variety of industries. Through LaSalle Investment Management, we invest for clients on a global basis in both private assets and publicly traded real estate securities. For further information, visit jll.com.

About AEW

For 45 years, AEW Capital Management, L.P. ("AEW") has provided real estate investment management services to investors worldwide. As one of the world's largest real estate investment advisors¹, AEW and its affiliates manage $83.7 billion in private real estate equity, debt and listed securities across North America, Europe and Asia, as of June 30, 2026. Grounded in research and experienced in the complexities of the real estate and capital markets, AEW actively manages portfolios in both the public and private property markets and across the risk-return spectrum. AEW and its affiliates have offices in Boston, Los Angeles, Denver, London, Paris, Hong Kong, Seoul, Singapore, Sydney and Tokyo, as well as additional offices in eight European cities.

For more information, visit www.aew.com.

¹Source: "2026 IREI.Q Real Estate Managers Guide". The Guide, published annually by Institutional Real Estate, Inc., ranks real estate managers based on the gross value of real estate AUM ($m) as of December 31, 2025. As of June 30, 2026. AEW includes (i) AEW Capital Management, L.P. and its subsidiaries and (ii) affiliated company AEW Europe and its subsidiaries. AEW Europe and AEW Capital Management, L.P. are commonly owned by Natixis Investment Managers and operate independently from each other. Total AEW AUM of $83.7 billion includes $39.7 billion in assets managed by AEW Europe and its affiliates, $2.8 billion in regulatory assets under management of AEW Capital Management, L.P., and $41.2 billion in assets for which AEW Capital Management, L.P. and its affiliates provide (i) investment management services to a fund or other vehicle that is not primarily investing in securities (e.g., real estate), (ii) non-discretionary investment advisory services (e.g., model portfolios) or (iii) fund management services that do not include providing investment advice. These figures are subject to minor variations due to rounding. Exact figures are available upon request.

About Investments Limited

Investments Limited is one of South Florida's largest privately held real estate ownership and management companies, with a $5.5 billion portfolio spanning retail, office, industrial, residential and hospitality properties. Founded in 1970 by James and Marta Batmasian with a multifamily investment in Cambridge, Massachusetts, the family-owned company is headquartered in Boca Raton and owns and manages more than 4,300 commercial spaces and 4,200 residential rentals across South Florida and Massachusetts.

Through disciplined acquisitions and long-term ownership, Investments Limited identifies well-located properties with opportunities for improvement and growth. Its strategy combines intuitive renovation, commercial expansion, hands-on management and strategic tenant planning to strengthen property performance and commercial activity. Direct access to ownership, flexible leasing and business support resources reinforce the company's commitment to tenant retention, success and expansion.

Investments Limited and the Batmasian family are also significant supporters of community institutions and nonprofit organizations, advancing education, healthcare, the arts and social services. The company reported more than $4 million in nonprofit donations in 2025, reflecting its longstanding commitment to reinvesting in the communities where it operates.

For company information and commercial leasing opportunities, visit InvestmentsLimited.com.

Jones Lang LaSalle Inc. published this content on November 12, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on November 12, 2026 at 15:16 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]