JPMorgan Pays 54M For: 7 Proven JPMorgan Pays $54M for Coral Springs Shopping Center: A Boost to Local Market: Mistakes

JPMorgan's Acquisition: What It Means for Local Buyers and Sellers

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Springs. u003c/pu003enu003cpu003eAn affiliate of New York-based u003ca href=”/new-york/2024/07/17/jp-morgan-chase-hines-to-buy-250-park-avenue-from-aew/”u003eJPMorganu003c/au003e, led by CEO Jamie Dimon, paid $53.7 million for Shoppes at Heron Lakes at 5601 to 5791 Coral Ridge Drive, records and real estate database Vizzda show.u0026nbsp;u003c/pu003enu003cpu003eThe financial giant paid $369 a square foot for the pair of single-story retail buildings spanning 145,618 square feet.u003c/pu003enu003cpu003eThe property sold for $48.3 million above the previous sale price 20 years ago. The seller, two entities managed by Mario Hernandez in u003ca href=”/miami/2025/04/04/jon-samuel-sells-sunrise-retail-plaza-for-30m/”u003eSunriseu003c/au003e, paid $5.4 million for the 17-acre site in 2005, and completed the shopping center the same year, records show.u0026nbsp;u003c/pu003enu003cpu003eCrunch Fitness, the Fish Joint, Lefty’s Tavern u0026amp; Grille, Club Men Barbershop, Pasquale u0026amp; Son’s Pizza Co. and Aldo Cleaners are among the tenants at Shoppes at Heron Lakes.u003c/pu003enu003cpu003eJPMorgan’s acquisition is the third shopping center sale this month in Coral Springs. A joint venture between Boca Raton-based Carlyle Management, led by Charles Rosner, and an entity managed by Edward Rutkovsky in Boca Raton paid u003ca href=”/miami/2025/11/04/aldi-anchored-shopping-center-sold-for-61m/”u003e$60.5 millionu003c/au003e for Royal Eagle Plazau0026nbsp; at 9100-9190 Wiles Road. The seller, Columbus, Ohio-based Washington Prime Group, completed the shopping center on the 11.7-acre site in 1989.u003c/pu003enu003cpu003eAlso this month, Deerfield Beach-based and Lynn, Massachusetts-based Perkins Realty Management, led by Andrew Perkins, bought Esplanade Center at 901-1001 University Drive for u003ca href=”/miami/2025/11/03/game-properties-sold-coral-springs-medical-and-retail-plaza/”u003e$26.5 millionu003c/au003e. The medical office and retail plaza’s tenants include Jenny Craig, Sage Dental, State Farm Insurance, Vino Salon Studios, Mattress Firm and Tijuana Taxi Co.u003c/pu003enu003cpu003eJPMorgan has more than $79 billion in real estate assets globally as of June 30, according to the firm’s website. In September, JPMorgan listed a 23-story office building in New York for u003ca href=”/new-york/2025/09/11/jpmorgan-puts-125-west-55th-street-for-sale/”u003e$270 millionu003c/au003e, roughly half the $550 million the firm was asking when the property was previously for sale in 2020.u0026nbsp;u003c/pu003en”,”noAds”:false,”alternativeHeadline”:{“subheadline”:”Financial giant acquired Shoppes at Heron Lakes in the latest retail deal in Broward city “,”__typename”:”AlternativeHeadline”},”updatedPost”:{“updated”:false,”date”:”2025-11-10T22:06:00+00:00″,”__typename”:”UpdatedPost”},”aiSummary”:{“summary”:”u003cpu003eu003c!– wp:list –u003eu003c/pu003ernu003cul class=”wp-block-list”u003eu003c!– wp:list-item –u003ernu003cliu003eAn affiliate of JPMorgan, led by CEO Jamie Dimon, paid $53.7 million for the Shoppes at Heron Lakes retail center at 5601 to 5791 Coral Ridge Drive in Coral Springs.u003c/liu003ernu003c!– /wp:list-item –u003ernrnu003c!– wp:list-item –u003ernu003cliu003eThe financial giant paid $369 per square foot for the 145,618-square-foot property, which is $48.3 million above its previous sale price from 20 years ago.u003c/liu003ernu003c!– /wp:list-item –u003ernrnu003c!– wp:list-item –u003ernu003cliu003eJPMorgan’s acquisition is the third shopping center sale this month in Coral Springs, following the purchases of Royal Eagle Plaza for $60.5 million and Esplanade Center for $26.5 million.u003c/liu003ernu003c!– /wp:list-item –u003eu003c/ulu003ernu003cpu003eu003c!– /wp:list –u003eu003c/pu003e”,”reviewed”:true,”disabled”:false,”autoGenerate”:false,”__typename”:”AISummary”},”audioArticleSettings”:{“audioUrl”:”https://eleven-public-cdn.elevenlabs.io/audio-native/a24c95b71e45d877e2798ceb32ef0ff8b1d79dced18bffc58f5b3a0c6e8468ac/YmQk203eJP7nyG8mCsDo/YmQk203eJP7nyG8mCsDo.mp3″,”__typename”:”AudioArticleSettings”},”mainArt”:{“mediaType”:”image”,”image”:{“node”:{“sourceUrl”:”/wp-content/uploads/2025/11/MIA-54M-Shopping-Center-Sale-1400×933.jpg”,”srcSet”:”/wp-content/uploads/2025/11/MIA-54M-Shopping-Center-Sale-1400×933.jpg 1400w, /wp-content/uploads/2025/11/MIA-54M-Shopping-Center-Sale-300×200.jpg 300w, /wp-content/uploads/2025/11/MIA-54M-Shopping-Center-Sale-700×467.jpg 700w, /wp-content/uploads/2025/11/MIA-54M-Shopping-Center-Sale-200×133.jpg 200w, /wp-content/uploads/2025/11/MIA-54M-Shopping-Center-Sale-768×512.jpg 768w, /wp-content/uploads/2025/11/MIA-54M-Shopping-Center-Sale-1024×683.jpg 1024w, /wp-content/uploads/2025/11/MIA-54M-Shopping-Center-Sale-50×33.jpg 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https://static.therealdeal.com/wp-content/uploads/2025/11/MIA-54M-Shopping-Center-Sale-700×467.jpg 700w, https://static.therealdeal.com/wp-content/uploads/2025/11/MIA-54M-Shopping-Center-Sale-200×133.jpg 200w, https://static.therealdeal.com/wp-content/uploads/2025/11/MIA-54M-Shopping-Center-Sale-768×512.jpg 768w, https://static.therealdeal.com/wp-content/uploads/2025/11/MIA-54M-Shopping-Center-Sale-1024×683.jpg 1024w, https://static.therealdeal.com/wp-content/uploads/2025/11/MIA-54M-Shopping-Center-Sale-50×33.jpg 50w, https://static.therealdeal.com/wp-content/uploads/2025/11/MIA-54M-Shopping-Center-Sale.jpg 1500w”,”sizes”:”(max-width: 1400px) 100vw, 1400px”,”caption”:”u003cpu003eJPMorgan CEO Jamie Dimon with the Shoppes at Heron Lakes at 5601 to 5791 Coral Ridge Drive (Google Mu0026#8230;u003c/pu003en”,”altText”:”JPMorgan CEO Jamie Dimon with the Shoppes at Heron Lakes at 5601 to 5791 Coral Ridge Drive (Google Maps, 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content=”article” /u003enu003cmeta property=”og:title” content=”JPMorgan joins investors’ Coral Springs shopping center spree with $54M purchase” /u003enu003cmeta property=”og:description” content=”JPMorgan joined a recent wave of buyers picking up shopping centers in Coral Springs.” /u003enu003cmeta property=”og:url” content=”https://therealdeal.com/miami/2025/11/10/jpmorgan-pays-54m-for-coral-springs-shopping-center/” /u003enu003cmeta property=”og:site_name” content=”The Real Deal” /u003enu003cmeta property=”article:publisher” content=”https://www.facebook.com/therealdealmedia/” /u003enu003cmeta property=”article:published_time” content=”2025-11-10T22:00:00+00:00″ /u003enu003cmeta property=”og:image” content=”https://static.therealdeal.com/wp-content/uploads/2025/11/MIA-54M-Shopping-Center-Sale.jpg” /u003entu003cmeta property=”og:image:width” content=”1500″ /u003entu003cmeta property=”og:image:height” content=”1000″ /u003entu003cmeta property=”og:image:type” content=”image/jpeg” /u003enu003cmeta name=”author” content=”Francisco Alvarado” /u003enu003cmeta name=”twitter:card” content=”summary_large_image” /u003enu003cmeta name=”twitter:description” content=”JPMorgan joined a recent wave of buyers picking up shopping centers in Coral Springs.  An affiliate of New York-based JPMorgan, led by CEO Jamie Dimon, paid $53.7 million for Shoppes at Heron Lakes at 5601 to 5791 Coral Ridge Drive, records and real estate database Vizzda show.u0026nbsp; The financial giant paid $369 a square foot for the pair of single-story retail buildings spanning 145,618 square feet. The property sold for $48.3 million above the previous sale price 20 years ago. The seller, two entities managed by Mario Hernandez in Sunrise, paid $5.4 million for the 17-acre site in 2005, and [u0026hellip;]” /u003enu003cmeta name=”twitter:creator” content=”@trdny” /u003enu003cmeta name=”twitter:site” content=”@trdny” /u003enu003cmeta name=”twitter:label1″ content=”Written by” /u003entu003cmeta name=”twitter:data1″ content=”Shea Monahan” /u003entu003cmeta name=”twitter:label2″ content=”Est. reading time” /u003entu003cmeta name=”twitter:data2″ content=”2 minutes” /u003enu003cscript type=”application/ld+json” class=”yoast-schema-graph”u003e{“@context”:”https://schema.org”,”@graph”:[{“@type”:”NewsArticle”,”@id”:”https://therealdeal.com/miami/2025/11/10/jpmorgan-pays-54m-for-coral-springs-shopping-center/#article”,”isPartOf”:{“@id”:”https://therealdeal.com/miami/2025/11/10/jpmorgan-pays-54m-for-coral-springs-shopping-center/”},”author”:[{“@type”:”Person”,”@id”:”https://therealdeal.com/#/schema/person/c342492cb602b1402a4b81a39a649189″,”name”:”Francisco 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The financial giant paid $369 per square foot for the pair of single-story retail buildings spanning 145,618 square feet. This acquisition is the third shopping center sale this month in Coral Springs, following a joint venture between Carlyle Management and an entity managed by Edward Rutkovsky, who paid $60.5 million for Royal Eagle Plaza.

JPMorgan Pays 54M For: Practical Checklist

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FAQ: JPMorgan Pays 54M For

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