brand-new, multi-tenant Federal Marketplace in fort lauderdale, fl, exclusively listed by Marcus & Millichap, hits market for $9 million

Scott C. Sandelin

FORT LAUDERDALE, Fla, July 9, 2015 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, announced that it has obtained the exclusive listing for Federal Marketplace, a 9,324-square foot retail center located in Fort Lauderdale, Fla. The asset is listed for $9,007,000.

Scott C. Sandelin, an associate vice president investments, and Edward Romo, an associate, both in Marcus & Millichap’s Miami office are representing the seller, a limited liability company from Miami.

“This is a rare opportunity to acquire a brand-new construction center with minimal landlord responsibility in the premier retail corridor of Fort Lauderdale,” says Sandelin.

“Additionally, there is upside in the future development potential of the oversized parcel,” says Romo.

Located at 2949 North Federal Highway, Federal Marketplace is a 2015 construction, high-quality, triple net-leased retail center with 149 feet of direct frontage on North Federal Highway. The four-bay property is fully occupied by AT&T, Burger21, El Agave Azul Mexican Taqueria and Flash Fire Pizza Your Way.

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

Kirk A. Felici

First Vice President and District Manager

Miami, FL

(786) 522-7000