Continuing its aggressive expansion in South Florida’s hot retail real estate market, RK Centers of Sunny Isles Beach has acquired Best Buy Plaza in Plantation for $11,500,000.
The property’s new name is RK Best Buy Plaza – Plantation, according to an announcement by Andrew Zidar, RK Centers’ VP of Development and Acquisitions.
The store, located at 12301 W. Sunrise Blvd., consists of 58,400 square feet and is situated on 7.8 acres.
The seller, BSB Plantation Limited Partnership, and RK Centers were represented by Roberto Susi of Axiom Capital Advisors.
Zidar said, “Similar to our purchase earlier this year of the Best Buy in Doral, this deal presented an opportunity to acquire great real estate in a strong retail market. This, in conjunction with Best Buy’s continued success as a retailer, make this an attractive asset for us.”
RK Centers owns and manages a total of two million square feet in South Florida. This is RK’s second deal in Florida in 2020 – the first was the Best Buy in Doral. These acquisitions, valued at $31 million, total 103,000 square feet.
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