Stiles Buys Broward Shopping Center For $30 Million
“The exceptional 22-acre hard corner location provides new ownership with the potential to add additional outparcels and develop up to 225 units of multifamily housing.”
“The exceptional 22-acre hard corner location provides new ownership with the potential to add additional outparcels and develop up to 225 units of multifamily housing.”
The purchase price was $35.02 million, in excess of $375 per square foot of leasable space.
“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.”
“The property sold for close to $700 per square foot, which is noteworthy for an open-air strip center.”
Paul Marko was recently appointed as principal of the South Florida Avison Young team, and he applied his 30 years of experience in office tenant representation, buyer broker services and portfolio administration to answer some questions about the South Florida and national commercial real estate markets. CLICK ON THE HEADLINE FOR MORE
The deal brings Mandel’s sales so far this year to more than $200 million. CLICK ON THE HEADLINE FOR MORE
Ken Stiles and Scott MacLaren Appointed Co-CEO and President, Respectively; Doug Eagon Transitions to Vice Chairman. CLICK ON THE HEADLINE FOR MORE
Terry Stiles, Chairman and CEO of Stiles Corporation, is a partner in the project. CLICK ON THE HEADLINE FOR MORE
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