Posts By : Shopping Center Business

CREC Arranges $27.4 Million Sale of Turtle Crossing in Metro Fort Lauderdale

Coral Springs, Fla. — CREC has arranged the $27.4 million sale of Turtle Crossing, a 99,174-square-foot shopping center located roughly 20 miles northwest of Fort Lauderdale in Coral Springs.

The property is shadow-anchored by a 174,000-square-foot Super Target, and home to tenants including Enterprise Rent-A-Car, Panda Express, AutoZone, Panera Bread, Buffalo Wild Wings, Vision Works and Chipotle Mexican Grill.

Warren Weiser and Harry Blyden of CREC represented the seller, Turtle Run Venture LLC, in the transaction. There was no broker representation for the buyer, Turtle Crossing Coral Springs LLC, a joint venture between Ross Realty Investments and SunCap Real Estate Investments.



CREC Arranges $23.1 Million Sale of El Mercado Shopping Center

CREC has arranged the $23.1 million sale of El Mercado Shopping Center, a 96,000 – square – foot shopping center located in Hialeah, Florida. Warren Wiser, Harry Blyden and Andrew Remick of CREC represented the seller, El Mercado Associates Ltd., in the transaction with the buyer, Stockbridge El Mercado LLC. The shopping center was 99 percent occupied at the time of the sale by tenants including anchor Publix, Rent-A-Center, Payless Shoes, GMC, Little Caesars, SunTrust Bank, Pollo Tropical, La Colonia Medical Center and Mary’s Dollar Store.

CPAC sells Palm Johnson Plaza for $8.45 million

Pembroke Pines, Fla. — Continental Properties Acquisition Corporation (CPAC) has sold Palm Johnson Plaza, a 90,000-square-foot retail center located in Pembroke Pines, for $8.45 million.

A Miami-based private investment group purchased the center. Prior to sale, CPAC completed a repositioning program including parking lot upgrades, landscaping and new tenant build outs. Tenants of the center include anchor Winn-Dixie and junior anchor Planet Fitness.

Tenants of Palm Johnson Plaza include anchor Winn-Dixie and junior anchor Plant Fitness.

In with the new: The lifestyle center transformation

More than 2 million square feet of retail space is under construction or planned in MiamiDade County, most of which is coming online in Miami’s urban core. Much more than traditional shopping malls, master-planned projects such as Brickell City Centre, Miami World Center and the redeveloped Design District are introducing consumers to a retail model centered on lifestyle experiences within mixed-use environments…

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