Benderson Development spends $140M on acquisitions in September

For the third time this month, Benderson Development has made a sizable acquisition, that of a shopping center in Miami. Purchasing the property is part of an "aggressive growth strategy in key markets," the east Manatee County-based real estate company says in a Sept. 27 statement.

Its latest acquisition, The Shops at Midtown Miami at 3401 North Miami Ave, attracts more than 3.4 million annual visitors to its lineup of retailers including Target, Dick’s Sporting Goods, Marshalls, HomeGoods and Ross, according to a statement from Benderson Development. The shopping center spans 347,700 square feet on more than 18 acres.

“The Shops at Midtown Miami is a premier retail center in a prime location and we are committed to maintaining it as a vibrant, thriving shopping destination,” Randy Benderson, managing director of Benderson Development, says in the statement. "We continuously seek out exceptional assets to enhance our portfolio, and this acquisition perfectly aligns with our vision."