Brasswater Pays $20 Million For Coconut Creek Retail/Medical Complex

Updated April 20, 2026

Brasswater, led by Ian Quint, expanded its South Florida office holdings with the $20 million purchase of a 128,071-square-foot retail/medical center complex located at 6806-6814 North State Road 7 in Coconut Creek, a deal that points to continued demand for well-located suburban assets.

The acquisition works out to about $156 per square foot for the 6.15-acre property. Steven Fields, through Coconut Fields LLC, who was represented by Alan Levy, Broker, President and Founder of Levy Realty Advisors, LLC, sold the asset.

SouthState Bank provided $14 million in financing for the purchase.

The property was previously anchored by a 65,000-square-foot Haverty’s furniture showroom and a 23,000-square-foot surgical center. One other tenant, a fitness/yoga facility, also occupied the building.

The transaction reflects continued investor appetite for assets in established Broward County submarkets, especially assets that can appeal to healthcare-related users and other service-oriented tenants seeking accessible suburban locations.

For Brasswater, the purchase gives the firm control of a substantial complex along North State Road 7, offering visibility and regional connectivity along a major corridor. In markets like Coconut Creek, those fundamentals can still attract investors looking for stable occupancy and long-term repositioning opportunities.

The deal also underscores how lenders remain willing to back acquisitions when the asset, basis and tenant profile align. With SouthState Bank providing the mortgage, the financing suggests confidence in the property’s income potential and the buyer’s business plan.