Margate Shopping Center Trades for $14.7M

A joint venture between New York-based TIAA-CREF and Houston-based Weingarten Realty Investors sold the Palm Lakes Plaza shopping center at 7210-7388 W. Atlantic Blvd. in Margate, to an affiliate of San Francisco-based Stockbridge Capital Group LLC for $14.7 million, or roughly $129 per square foot.
The neighborhood center is located in the NW Broward / Coral Springs submarket on more than 12.5 acres. The main building is a 109,752-square-foot retail building, built in 1979 and renovated in 2003. The other property is a 4,000-square-foot bank building built in 1981 on an outparcel.
The Cushman & Wakefield, Inc. team of Mark Gilbert and Adam Feinstein represented the seller. The buyer was represented in-house.
 
Source:  CoStar

Share and Enjoy:
  • email
  • Facebook
  • LinkedIn
  • Twitter
 

-------------------------

Get the latest industry news and information from CRE-sources delivered right to your email inbox!

And we promise…no more than one email each morning.

 

CLICK HERE TO SUBSCRIBE TODAY!

 
0 replies

Leave a Reply

Want to join the discussion?
Feel free to contribute!

Leave a Reply

Your email address will not be published.