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| Coral Palm Plaza, 2001-2153 University Drive, Coral Springs, FL |
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| Daniel Finkle |
MIAMI, FL –– Holliday
Fenoglio Fowler, L.P. (HFF) announced it has closed the sale of Coral Palm
Plaza, a 135,723-square-foot, grocery-anchored retail center in Coral Springs,
Florida.
HFF marketed the property
on behalf of the seller. An entity
controlled by RK Centers purchased the asset free and clear of existing debt.
Coral Palm Plaza is home
to specialty grocer Doris Italian Market as well as anchors Michael’s, Buy Buy
Baby, Dollar Tree and Planet Fitness.
Additional shop tenants of the 96.7-percent-leased center include Panera
Bread, Vision World, Great Clips, Coral Springs Physicians and El Mariachi
Restaurant.
The center is situated on
14.1 acres at 2001-2153 University Drive within the city of Coral Springs. Coral Palm Plaza is located in the
northwestern part of Broward County three miles east and south of the Sawgrass
Expressway and five miles west of the Florida Turnpike. More than 350,000 residents live within a
five-mile radius of the center.
The HFF investment sales
team representing the seller was led by managing director Luis Castillo, senior managing director Daniel Finkle, and associate director Nat Scarmazzi.
“Coral Palm Plaza’s
combination of food, fitness and destination anchors coupled with the
property’s excellent positioning within the desirable Coral Springs market
appealed to buyers,” Castillo said. “This property is well positioned for the
future and will continue to outperform the market under the new ownership.”
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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