775,000 SF Shopping Center Acquired For $33 Million
New York-based DRA Advisors has sold a shopping center in Plantation, according to Broward County records.
Plantation Marketplace Investors LLC paid $32.88 million for the nearly 5.5-acre property at 7007-7187 West Broward Boulevard. The buyer is a Coral Gables-based company.
The outdoor shopping center is anchored by Big Lots and Winn-Dixie. Other tenants include Plato’s Closet, CVS/pharmacy, Las Vegas Cuban Cuisine and Pet World.
Plantation Centre West last sold for $22 million in 2008, according to Broward property records. The 774,867-square-foot shops were built in 1980 and recently redeveloped.
The seller, DRA Advisors, is an investment advisor with more than $6 billion in assets under management. Included in those: Pinnacle Corporate Park in Fort Lauderdale and Waterford at Blue Lagoon in Miami.
Source: The Real Deal
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