Regal Acquisitions pays $34M for CVS-anchored retail at Boulan South Beach hotel

05-20-2021 - News

The Real Deal highlighted the transaction in South Beach, noting that the New York City-based investment firm bought the two-story retail at 2000 Collins Avenue and the retail at the garage at 237 20th Street from an affiliate of PGIM Real Estate and Madison Capital, records show. Regal took out a $22.1 million acquisition loan from JPMorgan Chase Bank to finance the purchase of the 35,482 square feet of retail.