Lincoln Property Company acquired Doral Marketplace, a newly constructed Whole Foods–anchored retail center in Doral, Florida, for approximately $83 million on behalf of a high-net-worth family office. Lincoln acted as investment adviser to the family office buyer in the transaction.

The fully leased center totals about 83,365 square feet on roughly 10 acres. The family office is adding the grocery-anchored property to its Florida retail portfolio, according to the announcement.

SJC Ventures and Nuveen Real Estate had previously acquired the land from Bridge Industrial for about $32 million before building and stabilizing the project. The developers sold the completed, occupied center to the family office buyer.

The transaction closed on August 26, 2026. The purchase reflects the family office's appetite for core, income-producing retail assets in growth markets, the announcement said.

Doral Marketplace sits in a competitive Miami-area submarket. The center is anchored by Whole Foods, a tenant that typically draws steady foot traffic and supports co-tenancy in grocery-anchored retail.

Lincoln Property Company structured the acquisition as investment adviser rather than principal. That role positions the firm to source and underwrite institutional-grade retail for private capital seeking stabilized yield.

The family office paid an implied per-square-foot price of roughly $995 for the fully leased asset. The 10-acre land parcel had traded for about $32 million before development, establishing a basis well below the final stabilized sale price.

The deal underscores continued demand among family offices for grocery-anchored retail in Florida markets. Whole Foods–anchored centers offer predictable rent rolls and minimal rollover risk in submarkets with demographic tailwinds.