TH Real Estate, an affiliate of TIAA, just paid $49.25 million for the Promenade Shopping Plaza in Palm Beach Gardens, sources familiar with the sale told The Real Deal. The 202,696-square-foot retail center at 9800 – 9900 Alternate A1A is 97 percent occupied with major tenants including Publix, Bealls Outlet, Planet Fitness, Club Outlet Store and CVS.  It was first developed in 1972 and redeveloped in 2015. The deal breaks down to $243 per square foot.  ... [more]