Regal pays $34M for CVS-anchored retail at the Boulan, South Beach

The Real Deal reported that Regal (then Regal Acquisitions) paid $34 million for the two-story, CVS-anchored retail at 2000 Collins Avenue and the adjacent garage retail at 237 20th Street at the Boulan South Beach hotel, buying from an affiliate of PGIM Real Estate and Madison Capital.

Regal financed the 35,482-square-foot retail acquisition with a $22.1 million loan from JPMorgan Chase.