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Jones Lang LaSalle Inc.
10/12/2026 | Press release | Distributed by Public on 10/12/2026 10:11
JLL Capital Markets arranges $83.25M sale of Airpark Plaza in Miami
Key Takeaways
• JLL Capital Markets arranged the $83.25 million sale of Airpark Plaza, a 171,443-square-foot grocery-anchored shopping center in Miami, marking the largest suburban Publix-anchored sale in Miami-Dade County in the last 20 years
• First Washington Realty sold the fully leased property
• The infill asset features exceptional regional connectivity to major thoroughfares and sits adjacent to the 3.5-million-square-foot Waterford Business District with immediate proximity to Miami International Airport
MIAMI, Oct. 12, 2026 - JLL Capital Markets announced today the $83.25 million sale of Airpark Plaza, a 171,443-square-foot Publix and Burlington anchored shopping center located at 5715 NW Seventh St. in Miami.
JLL represented the seller, First Washington Realty, in the transaction.
Built in 1971 and renovated in 2005, the fully leased property spans 12.6 acres and is anchored by Publix and Burlington. Other established national and local retailers include First Watch, Truist Bank, Subway, Wingstop, TD Bank and Burger King.
Airpark Plaza occupies a strategically superior position within Miami's retail landscape with immediate access to the Dolphin Expressway, Palmetto Expressway and Interstate 95. The property sits at the hard corner of Northwest 57th Avenue and Northwest Seventh Street with combined traffic counts of 68,000 vehicles per day. The center is adjacent to the Waterford Business District, which contains more than 3.5 million square feet of Class A office space, and Miami International Airport.
The transaction marks the largest suburban Publix-anchored shopping center sale in Miami-Dade County in nearly 20 years, underscoring the extreme scarcity of institutional-quality grocery-anchored retail in South Florida.
The JLL Capital Markets team was led by Executive Managing Director Danny Finkle, Senior Director Jorge Portela, Vice President Kim Flores and Associate Evan Lahr.
"Airpark Plaza is the definition of a generational retail asset - a fully leased, anchor-driven center in Miami's most active commercial corridor," said Finkle.
"The combination of tenured tenancy, sales performance and future income growth potential created an exceptional opportunity and drove strong investor interest in the offering," Portela added.
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 more than 112,000 as of June 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 First Washington Realty
First Washington Realty ("FWR") is a vertically integrated, institutional real estate investment firm focused on high quality grocery-anchored and necessity-based shopping centers. As an owner-operator, FWR leverages its discerning perspectives, deep operational expertise, and rigorous underwriting processes to execute investments in neighborhoods underpinned by strong demographics and high barriers to entry. With a national portfolio of 138 open-air properties totaling more than 21.5 million square feet across 21 states and Washington, D.C., FWR owns interests in and manages approximately $9 billion of assets. For more information, please visit www.firstwash.com.
Jones Lang LaSalle Inc. published this content on October 12, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on October 12, 2026 at 16:11 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]