Atlantic Commercial Group Completes $14 Million Shopping Center Sale

Oct 04, 2016 No Comments by

Gary Broidis, Principal of Delray Beach-based Atlantic Commercial Group, Inc., recently completed the sale of The Village Mart center, an approximately 73,000-square-foot property located at 850 South Federal Highway in Deerfield Beach, at a price of $13,950,000.

Village MartLocated on the east side of Federal Highway and south of Hillsboro Blvd., this property represents one of the most underutilized retail property in this corridor, according to Mr. Broidis.

The shopping center was developed in 1975, contains approximately 6 acres of land and many tenants have been in occupancy for over 15 years.  Under the direction of Mr. Broidis, the property was sold to an affiliate of Janoura Realty, which has numerous retail property holdings in South Florida.

 

“This property provides a great opportunity for the buyers to upgrade and re-tenant this property that is located in one of the most active retail areas in Broward County,” commented Broidis.

This sale is the second retail center Broidis sold to Janoura Realty, with the last one being the Shoppes at Village Pointe in Boca Raton, which was sold in 2014.

Atlantic Commercial Group, Inc. specializes in the brokerage and development of retail and office properties in South Florida.  Additional services include national tenant representation, landlord representation and development consulting.

 

 

————————-

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. Just follow the instructions below.

Enter your email address:

 

Go Ahead...Share!
  • email
  • Facebook
  • LinkedIn
  • Twitter
  • Add to favorites
  • Print
Broward County Retail, Industry News, Retail
No Responses to “Atlantic Commercial Group Completes $14 Million Shopping Center Sale”

Leave a Reply