RK Centers Continues South Florida Shopping Spree, Acquires Davie Retail Plaza For $361 PSF
Dennis Carson with CBRE represented both the buyer and seller in the transaction.
Dennis Carson with CBRE represented both the buyer and seller in the transaction.
CREC Capital’s co-founders Alan Esquenazi and Warren Weiser facilitated the sale. Danny Finkle and Eric Williams from JLL represented the buyer, an entity controlled by Wharton Realty Group, in the transaction.
Rowley has successfully overseen the growth of Avison Young’s Florida region for the past 9 years.
His media company relocated to South Florida in early 2021 and the company is expected to base its new headquarters in one of the buildings.
The current zoning for the 0.69-acre site permits high-density development, including residential, commercial/retail, lodging, civic and civil support.
Mast Capital submitted site plans for a master-development totaling 2.6 million square feet.
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The high-end residential construction company plans to convert the former vegan restaurant and dance studio to its corporate offices.
The property consists of 35,850 square feet of retail space along University Drive, plus 19,680 square feet of office suites tucked behind the shopping center.
“Having achieved 90 percent lease-up prior to breaking ground, this center shows the continued strength of large format brick-and-mortar retail destinations across multiple use categories.”
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