Marcus & Millichap Brokers $19.5M Sale Of Ross-Anchored Retail Center In Coral Springs
The center was 92% occupied at the time of sale.
The center was 92% occupied at the time of sale.
In addition to his role as NAIOP South Florida President, Corlew has served on NAIOP boards at both the regional and national levels and remains actively involved in industry conferences and community development initiatives.
The project replaces a formerly underutilized office property and aligns with the City of Fort Lauderdale’s long-term vision for Uptown Urban Village, which is aimed at bringing more residences and mixed-use development to the area near the Cypress Creek Tri-Rail Station and Fort Lauderdale Executive Airport.
The leases total just over 30,000 square feet.
The company will now occupy the entire top floor of 1489 W. Palmetto Park Road, totaling 30,000 square feet.
Grover Corlew anticipates immediately breaking ground with completion expected by May 2027.
The financing was provided by City National Bank of Florida.
South Florida commercial real estate’s top talent and transformative projects honored during signature event. Manny De Zarraga received the Lifetime Achievement Award.
The 2-building, 170,000-square-foot campus is currently undergoing a $60 million renovation.
Colliers’ Executive Vice President Derek Baker represented the tenant in negotiating the deal. CBRE’s Joe Freitas, John Criddle and Max Pawk represented the landlord, Grover Corlew, in the lease negotiations.
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