JLL Capital Markets Completes $22 Million Sale Of Davie’s Ridge Plaza
JLL represented the seller, Continental Realty Corporation. An affiliate of JBL Asset Management acquired the asset.
JLL represented the seller, Continental Realty Corporation. An affiliate of JBL Asset Management acquired the asset.
The development is currently leasing its third phase, and with an influx of new tenants, is now 83% leased.
As a boutique firm, Movement CRE stands out by delivering highly personalized, data-driven commercial real estate services that meets the evolving office, industrial, and retail needs for both occupiers and property owners across South Florida.
The property is nearly fully leased, with two new long-term leases from Presidente Supermarket and dd’s DISCOUNTS anchoring the center alongside established national brands like T-Mobile, Chase Bank and McDonald’s.
The property sold for $1,575,000.
The 50-seat restaurant with outdoor seating at Gateway Shopping District will feature the cuisine that Guy Fieri lauded as “the best Greek food” he’s ever tasted in a 2023 “Diners, Drive-Ins and Dives” episode.
Scott Sandelin, an investment specialist in Marcus & Millichap’s Miami office, had the exclusive listing to market the property on behalf of the seller, a partnership between MMG Equity Partners, Mouhalis Capital Management, and GW Properties. Sandelin also procured the buyer.
The groundbreaking venue, blending the worlds of automotive elegance and gourmet dining, is set to open its doors between late 2024 and early 2025.
He will be responsible for the firm’s Miami, Fort Lauderdale, Boca Raton, and West Palm Beach markets and oversee more than 450 professionals across the South Florida region.
The company currently has 16 locations in Canada signed last year to bring 20 locations to Washington state.
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