Marcus & Millichap Brokers $19.5M Sale Of Ross-Anchored Retail Center In Coral Springs
The center was 92% occupied at the time of sale.
The center was 92% occupied at the time of sale.
Three tenants have signed on for a combined 20,000 square feet.
This is the first time the property has been offered for sale since it was built in 1974.
Read on for the most popular news headlines this past week on CRE-sources.
The property has benefited from more than 165,000 square feet of leasing activity over the past two years.
The transaction was brokered by Devlin Marinoff and Tony Arellano of Dwntwn Realty Advisors.
According to the Miami-Dade Beacon Council, the new headquarters is expected to support an additional 1,500 jobs over the next three years and generate roughly $300 million in recurring annual economic impact across the county.
Colliers’ Vice Chair Stephen Rutchik and Vice President Tom Farmer represented ownership in the transactions.
To support its continued growth, Native is actively interviewing senior commercial real estate brokers to meet rising demand from its expanding client base.
These additions mark a significant milestone for Nora, expanding the district beyond retail and dining into a hub for businesses, influencing the future of West Palm Beach’s economic landscape.
CRE-sources, Inc. is committed to ensuring that individuals with disabilities can access all of the goods, services, facilities, privileges, advantages, and accommodations that we offer through our website.If you are having trouble accessing the website, please call us at 954.290.3866 for assistance.
