Top-Ranked Childcare Franchise To Open 5 More Locations In South Florida
Each location will consist of a newly built 10,000-square-foot center and up to a 5,000-square-foot outdoor playground.
Each location will consist of a newly built 10,000-square-foot center and up to a 5,000-square-foot outdoor playground.
Sturgis arranged the sale of a retail building in the popular neighborhood to a well-known hospitality operator.
The newly formed partnership is moving forward on highly anticipated mixed-use development
The transaction marks the fifth in which Osborne has represented the investor in the last 12 months.
Marcus & Millichap’s Doug Mandel and Tyler Kuhlman had the exclusive listing to market the portfolio on behalf of the seller and procured the buyer, a Florida-based private investor.
Led by CEO Greg George and former Albertsons CEO Chairman Larry Johnston, The Peach Cobbler Factory is currently expanding in 19 states and will have 50 locations opened by 2023. The company has franchise commitments for an additional 200 locations and have recently moved its corporate headquarters to South Florida.
Jonathan De La Rosa and Matthew Albregts, investment specialists in Marcus & Millichap’s Miami office, represented the buyer, Westar at Palm Plaza, a limited liability company.
City of Lauderhill commissioners have taken the first step toward getting the project built by approving a special exception application which will allow for the development of residential units on the property.
The operator has occupied the property for 38 years and has 8+ years remaining on the lease with an annual 2% rent increase.
Seasoned real estate veteran Scott Sherman has officially launched Torose Equities, a Miami-based real estate investment firm with a value-add urban retail, office and mixed-use strategy targeting the Southeastern United States.
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