RK Centers Acquires Plantation Retail Plaza
The purchase price was $17 million.
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The purchase price was $17 million.
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The newly completed buildings are already 100% leased with five tenants.
The buyer is planning a multifamilyn development.
The company is based in Fulton, Maryland.
The lease deals total a combined 32,000 square feet.
The Cushman & Wakefield South Florida Industrial Team – Christopher Thomson, Alex VanDresser, Rick Etner, Chris Metzger and Matt McAllister – represented the landlord, Cabot Properties, in the lease negotiations.
The asset sold for $3,000,000.
Vice President Michael Carpenter handled the leasing for SRG, a division of the full-service real estate development firm, Stiles. Both restaurants are anticipated to open in March 2021.
Jason Hochman, Mike Ciadella and Ron Granite of Cushman & Wakefield’s Equity Debt and Structured Finance team secured the new long-term, non-recourse loan through BankUnited.
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