Malls · Florida
Pembroke Lakes Mall
Pembroke Lakes Mall continues operating amid loan default, with a scheduled October 2026 foreclosure casting uncertainty over its retail future. · summary, model-written
Solid = from the authors' map · outlined = public source · dashed = model-written, not yet reviewed by a person. Tap any value's source label to see where it came from.
Site profile5 elements · what this retrofit is built with · tap a chip for the evidence
CMBS special servicing
This site: research-deals · all sites with thisDefault or watchlist
This site: research-deals · all sites with thisForeclosure or REO
This site: research-deals · all sites with this30,000+ vehicles a day on an adjacent road
This site: 52,000 on PINES BLVD fhwa-hpms · all sites with thisCounty typical rent $2,000+
This site: $2,457/mo zillow · all sites with thisNow
| Status | Operatingpublic reporting |
|---|
Deals and debt
| Date | Event | Price | Parties | Source |
|---|---|---|---|---|
| 2026-10 | Foreclosure · default | — | ← Pembroke Lakes Mall LLC (BGRE/Brookfield) · lender Deutsche Bank National Trust Co. (trustee) · loan $260.0M | Bisnow 2026-10-08 |
| 2025-03 | Special servicing · special servicing | — | · lender GSMS 2013-PEMB trust · loan $260.0M | KBRA 2026-09-30 |
Securitised debt and public filers
Filings (2001 to date) that name “Pembroke Lakes Mall” and “Pembroke Pines” (122 hits, first 100 sampled, 11 other filers such as tenants left out). Only weak matches to commercial-mortgage trusts: the mall may have backed a securitised loan, or may just be mentioned in the filing; several trusts usually means one loan split into pari-passu notes. Earliest trust filing in the sample 2002-10-15 (a sample date, not the issuance date); candidate loan vintage 2002 from the trust name (weak match). Whether the loan is still in the pool, in special servicing or repaid is in the trust's monthly distribution reports, which are not searchable here. Text matches, not a title search. Open the search · all trusts.
| Kind | Filer | Filings | Dates | Forms |
|---|---|---|---|---|
| CMBS trust (weak) | WACHOVIA COMMERCIAL MORTGAGE SECURITIES INC | 1 | 2002-10-22 to 2002-10-22 | 8-K 1 |
| CMBS trust (weak) | JP MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES CORP | 1 | 2002-10-15 to 2002-10-15 | 8-K 1 |
| CMBS trust (weak) | WACHOVIA COMMERCIAL MORT PASS THRU CERT SER 2002-C2 | 1 | 2002-11-26 to 2002-11-26 | 8-K 1 |
| Public owner (strong) | General Growth Properties, Inc. | 43 | 2011-03-01 to 2021-02-26 | 8-K 32, 10-K 11 |
| Public owner (strong) | Seritage Growth Properties (SRG, SRG-PA) | 17 | 2016-03-11 to 2017-08-03 | 8-K 13, 10-Q 3, 10-K 1 |
| Public owner (strong) | GENERAL GROWTH PROPERTIES INC | 10 | 2001-03-19 to 2010-03-01 | 10-K 9, 10-K/A 1 |
| Public owner (strong) | Copper Property CTL Pass Through Trust (CPPTL) | 5 | 2022-03-14 to 2026-03-13 | 10-K 5 |
As reported by the owner
Property tables from the owner's annual report (Form 10-K, Item 2) on EDGAR, one row per filing year. GLA, occupancy and anchors are the filer's own figures at that year end; “leased” counts signed leases, “occupied” counts open stores; ownership is the filer's share. Matched by name and place, unreviewed; the verbatim table row is in sec_facts.csv.
| Year end | Filer | Name in filing | GLA sq ft | Occupancy | Years | Share | Sales psf | Anchors listed |
|---|---|---|---|---|---|---|---|---|
| 2020 | Brookfield Property REIT (formerly GGP) 10-K, 2021-02-26 | Pembroke Lakes Mall Pembroke Pines, FL match: exact | 1,119,000 in-line 379,000 | 94.9% leased | 46.0% | Dillard's, Macy's, JCPenney, AMC Theaters, Round 1 Bowling | ||
| 2016 | GGP Inc. 10-K, 2017-02-22 | Pembroke Lakes Mall Pembroke Pines, FL match: exact | 1,135,670 in-line 354,395 | 96.7% leased | 100.0% | Dillard's, Dillard's Men's & Home, JCPenney, Macy's, Macy's Home Store, Sears | ||
| 2012 | General Growth Properties 10-K, 2013-02-28 | Pembroke Lakes Mall Pembroke Pines, FL match: exact | 1,131,322 in-line 350,047 | 97.3% leased | 100.0% | Dillard's, Dillard's Men's & Home, JCPenney, Macy's, Macy's Home Store, Sears | ||
| 2009 | General Growth Properties 10-K, 2010-03-01 | Pembroke Lakes Mall Pembroke Pines, FL match: exact | 1,133,998 in-line 352,723 | Dillard's, Dillard's Men's & Home, JCPenney, Macy's, Macy's Home Store, Sears | ||||
| 2006 | General Growth Properties 10-K, 2007-03-01 | Pembroke Lakes Mall Pembroke Pines, FL match: exact | 1,136,859 | 50.0% | Dillard’s, Dillard’s Men’s & Home, JCPenney, Macy’s, Macy’s Home Store, Sears |
Site context
| Housing permits, Broward County (FL), 2024 | 902 units in 5+ unit buildings, 56 in 2–4, 697 single-family; 2023: 2,115 in 5+Census BPS |
|---|---|
| Other atlas sites nearby | 1 within 10 km, 11 within 25 km: Hollywood Fashion Center (9.8 km)computed |
| Retail trade in the county, 2012 to 2023 | 7,236 establishments (+2%); 106,344 jobs (+8%)Census CBP |
| Housing market in the county | typical home value $422,344 (-2% 1 yr, +23% 5 yr); typical rent $2,457/mo (+1% 1 yr), 2026-09Zillow Research |
| Traffic on the busiest road within 600 m (2024) | 52,000 vehicles a day on PINES BLVD (principal arterial, 7 lanes); 1,144 trucks; 8 counted segmentsFHWA HPMS |
Summary, model-written
Pembroke Lakes Mall opened as a regional mall and has remained operating. It is currently under financial stress, with a loan placed in special servicing in March 2025 and a default leading to a foreclosure scheduled for October 2026. The mall’s future hinges on the outcome of that foreclosure process.
Why. The record shows a distressed loan that moved to special servicing and then default, triggering the foreclosure action. No explicit anchor losses, competition, or other debt factors are stated in the record.
Where it stands. The mall is still operating and is controlled by Pembroke Lakes Mall LLC (BGRE/Brookfield), with Deutsche Bank National Trust Co. serving as trustee/lender in the foreclosure deal.
For a planner
- No specific policy tools or precedents are mentioned in the record.
- Open questions include the timing and outcome of the foreclosure process.
- Potential for adaptive reuse or redevelopment after foreclosure remains uncertain.
For a developer
- Site size and parcel details are not provided in the record.
- Control currently lies with Pembroke Lakes Mall LLC (BGRE/Brookfield); foreclosure may change ownership.
- No context-layer constraints (flood, transit, environment) or market signals are listed.
What we do not know yet
- Opening date, original anchor tenants, and current tenant mix are unknown.
- Exact loan terms beyond amount and status are not detailed.
- Environmental, flood, or transit constraints are absent from the record.
- The foreclosure date (2026-10) may be model‑extracted and unreviewed.
- Future ownership and any entitlement changes post‑foreclosure are unspecified.
Generated by nvidia/nemotron-3-super-120b-a12b on NVIDIA API via Hermes CT from the fields, parcels, deals and context layers on this page, with no outside knowledge. It is regenerated when the record changes and has not been checked by a person. How it is made.
Elsewhere on the web
Pages with photos
- Pembroke Lakes Mall in Pembroke Pines, FL 33… chamberofcommerce.com
- Pembroke Lakes Mall - Shopping Mall in Pembroke Pines, FL pembrokelakesmall.com
- Pembroke Pines Florida at Pembroke Lakes Mall captainkimo.com
- Pembroke Lakes Mall, 11401 Pines Boulevard, Pembroke Pines… | Fli… flickr.com
Search images: Google · Bing · Commons · references: ULI case studies · Google Scholar
Multifamily screen
- median rent $1,804
- distressed loan or foreclosure
Inputs: record fields (size, status) and county Census ACS 2018–2023 figures (growth, rent). How the points work. Not a recommendation.
History and original facts
| County | Broward County |
|---|---|
| Census division | 5 · South Atlantic |
| Notes | Record created from a 2024+ transaction, listing or loan report; no retrofit recorded. |
Not yet recorded: acres, GLA, year opened, original developer, what is there now, retrofit year. Know it? Tell us.
Sources
- KBRA affirms GSMS 2013-PEMB · 2026-09-30
1 quoted sentence
The loan transferred to the special servicer on March 14, 2025, after it failed to pay off at its March 1 maturity date.