Updated March 25, 2021
Integra Investments, a Miami-based real estate investment and development firm – in a joint venture with Flying Point Real Estate led by Sam Genet and Zach Sohn – announced the acquisition of a prime retail strip center for $7.2 million.
The deal encompasses approximately 15,836 rentable square feet spanning across 1.26 acres of land along East Sunrise Boulevard in Fort Lauderdale.
Located at 2828-2910 E. Sunrise Blvd., just steps from the Atlantic Ocean and State Road A1A, the property is ideally nestled between the Intracoastal Waterway and Fort Lauderdale Beach. Integra Investments and Flying Point purchased the site from Esposito Enterprises Inc., an affiliate of Vinny Esposito, the owner of the staple restaurant Franco & Vinny’s, which will continue to operate on property. There are no current plans underway for redevelopment of the site.
“The asset offers a unique opportunity to own prime property in the evolving Fort Lauderdale Beach area, capitalizing on strong market fundamentals and favorable migration trends,” said Victor Ballestas, principal of Integra Investments. “Its location on a major thoroughfare to the beach complements our long-term strategy of investing in high-barrier-to-entry markets.”
Eddie Romo and Scott Sandelin with Marcus and Millichap represented both the seller and buyer inthe transaction.
With a portfolio of both commercial and residential real estate, Integra Investments is behind several notable projects and continues to expand its platform throughout Florida.
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