Capital Commercial real Estate Group Inc. Arranges Sale of 6,700-SF Retail Center in Pembroke Pines, FL

HALLANDALE, FL, Aug. 4, 2010 – Capital Commercial Real Estate Group, Inc. ("Capital Commercial") announces the closing of the Taft Retail Center, (top left photo)  a 6,700 square foot retail strip center located at 1591 NW 77th Way in Pembroke Pines, Florida.

Capital Commercial exclusively represented and negotiated the $734,000.00 sale on behalf of the owner, a local private trust.

 The purchaser was a foreign private investor that financed the acquisition through a local bank.

Situated just off University Drive on the corner of Taft Street and 77th Way the in the heart of Pembroke Pines, the Taft Retail Center benefits from its frontage and visibility on Taft Street and its proximity to the numerous surrounding residential developments.

Built in 1973, the center has been exceptionally well maintained, and is 100% leased to three long-term tenants - Taft Market & Deli, Angie’s Pet Spa & Boutique, and Bitter Blue Lawn & Garden.

"This is another example of Capital Commercial’s ability to successfully market and negotiate the sale of commercial property in a challenging real estate market. By matching a 1031 exchange buyer with a stabilized investment in a great location, we were able to fulfill the needs of both buyer and seller”, said Julie Abolafia, Commercial Investment Specialist with Capital Commercial.

Capital Commercial Real Estate Group, Inc. ("Capital Commercial") is a commercial real estate brokerage firm based out of Hallandale, Florida.

 Specializing in the acquisition and disposition of commercial properties and businesses, the firm has over 300 listings and over 5,000,000 square feet of commercial offerings in inventory.

 Capital Commercial has over 50 full-time commercial real estate

agents, ten support staff members, a full-time sales manager, a Florida Certified General Contractor, and a Certified Public Accountant.

Agents of the firm have completed over a billion of dollars in commercial real estate transactions.

For additional information about our firm, please visit our website at: http://www.capitalcomgroup.com/.

Contact:
Contact: Julie Abolafia, Commercial Investment Specialist, (954) 455-3366 ext. 270

juliea@capitalcomgroup.com

Capital Commercial Real Estate Group, Inc., 221 W. Hallandale Beach Boulevard, Hallandale Beach, Florida 33009, Phone: (954) 455-3366, Fax: (954) 455-3330,