Plaza Centro I - Sale

Jones Lang LaSalle Americas, Inc. (“JLL”) in partnership with JLL Puerto Rico Realty & Co. S en C, a Puerto Rico licensed real estate brokerage firm, is pleased to offer the opportunity to acquire Plaza Centro I, a 280,279 square foot shopping center situated on 25 acres in Caguas, Puerto Rico. The property is currently 93.6% leased to a strong roster of retailers led by Burlington, Ross Dress for Less, the IRS and Me Salve. The Property also includes five, high-profile single tenant outparcels leased to Burger King, Chili’s, Ponderosa Steakhouse, KFC, and Qdoba. The Property is shadow anchored by Plaza Centro II, a 599,409 square foot retail plaza anchored by Costco, Sam’s Club, JC Penny, PetSmart, and Planet Fitness, which are not included in the Offering.

Investment highlights

• MARKET DOMINANT AND HIGH-PERFORMANCE TENANCY
• SECURE AND STABLE CASH FLOW
• RECENTLY EXECUTED ROSS DRESS FOR LESS LEASE
• EXCEPTIONAL LEASING MOMENTUM
• OUTPARCEL SPINOFF OPPORTUNITY
• $1.7M IN RECENT CAPITAL IMPROVEMENTS

Deal Room: https://invest.jll.com/us/en/listings/retail/plaza-centro