Thursday, April 25, 2013

Colliers International Brokers $1 Million Cash Sale of Pompano Beach, FL Retail


  

1 North Ocean Boulevard, Pompano Beach, FL

FORT LAUDERDALE, FL -Colliers International South Florida is pleased to announce the all-cash sale of six retail units in Pompano Beach for $1 million. No financing was involved in the transaction, which closed April 3, 2013.

Clinton Casey
Colliers International South Florida brokers Clinton Casey and Achikam Yogev represented the seller, Pompano Retail One North Ocean Blvd, LLC.

David Duckworth of Avison Young represented buyer Oceanside Atlantic, LLC.

 The six units, which total 24,448 square feet of raw space, are located on the ground floor of a residential high-rise at 1 North Ocean Boulevard, Pompano Beach, FL.

Achikam Yogev
 Clinton Casey, Senior Commercial Associate with Colliers International South Florida, is a lifelong resident of Pompano Beach and is deeply familiar with the area.

"I have watched the community go from its heyday in the sixties and seventies to a low point in the 1990's. Now, thanks to initiatives of the Pompano Beach CRA (Community Redevelopment Association), the area is regaining its previous prominence as a destination," said Casey.

"This property is on the barrier island in the East CRA. Recent improvements to streets, sidewalks and other infrastructure have had a very positive effect on property values."

For a complete copy of the company’s news release, please contact:

Crystal Proenza
Vice President of Marketing
Colliers International South Florida
Commercial Real Estate Services
Tel: 305 476 7138

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