A unit of U.S. real estate owner and developer Bar Invest Group has closed on the sale of the Palm Square shopping center in Pembroke Pines.
Constructed in 1988, the Palm Square shopping center totals 77,621 square feet and sits on 8 acres of land.
Bar Invest Group's affiliate sold the shopping center at 9801 Pines Boulevard to Galium Capital, a U.S. real estate investment firm.
As part of the deal, Galium Capital paid $20.5 million or $264 per square foot to acquire the property, which is currently 96 percent occupied.