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.
To support its continued growth, Native is actively interviewing senior commercial real estate brokers to meet rising demand from its expanding client base.
In addition to his role as NAIOP South Florida President, Corlew has served on NAIOP boards at both the regional and national levels and remains actively involved in industry conferences and community development initiatives.
The two properties sold for more than $400 and $800 per square foot.
“This area has experienced some of the fastest growth in the country, with downtown Fort Lauderdale’s population surging by more than 35% in the last four years and Flagler Village’s residential base more than doubling over the past decade.”
The shopping center sale price equates to more than $300 per square foot.
The 4,760-square-foot building was sold for $4 million.
The full-service restaurant that will serve as a centerpiece of the reimagined Huizenga Park, which is slated to reopen in early 2026.
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