Monday, May 11, 2015

HFF closes $22.5 million sale of Publix at Sunrise in Fort Lauderdale, FL market


Publix at Sunrise, Fort Lauderdale, FL


MIAMI, FL, May 11, 2015 – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has closed the $22.5 million sale of Publix at Sunrise, a 44,840-square-foot, single-tenant, net-leased Publix Supermarket in Fort Lauderdale, Florida. 

Daniel Finkle
HFF marketed the property on behalf of the seller, Stiles Corporation.  Publix Super Markets, Inc. purchased the asset free and clear of existing debt.

Completed in 2004, Publix at Sunrise is situated on 3.48 acres at 1415 East Sunrise Boulevard in Fort Lauderdale, the second largest city in South Florida. 

There are 61,566 households with an average annual income of more than $71,000 living within a three-mile radius, and the property is situated on Sunrise Boulevard, which has an average traffic count of more than 110,000 vehicles per day. 

Publix at Sunrise is 2.5 miles from Interstate 95 and approximately one mile north of Fort Lauderdale’s Central Business District.
          
The HFF team representing the seller was led by senior managing director Daniel Finkle, managing director Luis Castillo and associate director Nat Scarmazzi.

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

Kristen M. Murphy
Associate Director
HFF | One Post Office Square, Suite 3500 | Boston, MA 02109
Main: 617-338-0990 | Direct: 617-848-1572 | Cell: 617-543-4873 | www.hfflp.com

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