Stiles Negotiates $9.05 Million Sale Of Downtown Fort Lauderdale Fresh Market

Jul 02, 2019 No Comments by

Stiles Realty, a division of the full-service commercial real estate firm, Stiles, has arranged the sale of  The Fresh Market in downtown Fort Lauderdale.

The 22,954-square-foot property located at 424 North Federal Highway was sold for $9.05 million, or approximately $394 per square foot, highlighting the continued strength of one of east Broward’s most prestigious retail locations.

 

Stiles Realty Senior Vice President Dan Coyle represented the seller 424 North Federal Highway LLC while Fabio Faberman with Fortune International represented the buyer, Nisa Gables LLC. Fully leased to Fresh Market, the property is situated across from Flagler Village and adjacent to Victoria Park, one of east Fort Lauderdale’s most popular residential neighborhoods. Adjacent retail includes Doc B’s Restaurant and Bar and Spatch Grilled Peri Peri Chicken. Traffic counts average more than 47,500 cars per day.

 

“The sale of this high visibility asset further establishes the strength of the east Ft Lauderdale investment market,” said Coyle. “We remain highly committed to Fort Lauderdale and Broward County in general and continue to see tremendous opportunity for upside in the retail investment market, especially as the area continues to grow and expand with dense urban residential development.”

fresh market 424 n federal hwy ftl

Constructed in 2012, The Fresh Market in Fort Lauderdale is considered a local mainstay for fresh prepared food and organic grocery shopping. The asset features premium signage fronting North Federal Highway.

 

 

————————-

Get the latest industry news and information from CRE-sources delivered right to your email inbox!
And we promise…no more than one email each morning.

CLICK HERE TO SUBSCRIBE TODAY!

 

 

Go Ahead...Share!
  • email
  • Print
  • LinkedIn
  • Twitter
  • Facebook
  • Google Bookmarks
  • RSS
  • Add to favorites
Broward County Retail, Industry News, Retail
No Responses to “Stiles Negotiates $9.05 Million Sale Of Downtown Fort Lauderdale Fresh Market”

Leave a Reply