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| Regency Lakes Plaza, 5619 Regency Lakes Boulevard, Coconut Creek, FL |
COCONUT CREEK, FL, Oct. 23, 2013 – Marcus & Millichap Real Estate Investment Services,
the nation’s largest real estate investment services firm, has announced the
sale of Regency Lakes Plaza, a
7,250 square-foot free-standing retail property located in Coconut
Creek, FL. The asset sold for $1,500,000 which was just over $200 per square
foot.
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| Douglas K. Mandel |
Regency Lakes Plaza is located at 5619 Regency Lakes
Boulevard in Coconut Creek, FL.
Douglas K. Mandel, a First Vice President
Investments, and Robert Granda, an investment associate, in Marcus &
Millichap’s Ft. Lauderdale office, had the exclusive listing to market the
property on behalf of the seller, a limited liability company from Miami.
“The property was
purchased by VCA Animal Hospital, a nationally recognized animal hospital which
operates more than 600 animal hospitals in 42 states across the nation,” says
Granda.
“VCA is relocating from a location a few miles away and was
attracted to the property due its condition, location on State Road 7, as well
as the strength of the surrounding demographics.”
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| Robert Granda |
“The city of Coconut Creek is experiencing a tremendous
amount of growth due to the number of current and future developments in the
area as well as the city’s central location to other affluent markets such as
Boca Raton, Coral Springs, Deerfield Beach and Parkland,” he adds.
Regency Lakes Plaza was built in 2000 and was completely
renovated in November 2012. The
property is located within a strong retail corridor comprised of national
tenants such as Publix, Bank of America, Walgreens, Mobil, Shell and
Firestone.
The plaza is also just minutes from the Seminole Hard
Rock Casino Coconut Creek, which just completed an outdoor retail and
restaurant expansion in February 2012 and has future plans to develop a hotel,
convention space, and an outdoor spa/pool area.
For a complete copy of the company’s news release, please
contact:
Gregory Matus
Regional Manager and Vice President
Fort Lauderdale, FL
(954) 245-3400
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