Stiles Buys Broward Shopping Center For $30 Million
“The exceptional 22-acre hard corner location provides new ownership with the potential to add additional outparcels and develop up to 225 units of multifamily housing.”
“The exceptional 22-acre hard corner location provides new ownership with the potential to add additional outparcels and develop up to 225 units of multifamily housing.”
As Fort Lauderdale faces a scarcity of available commercial investment properties, savvy investors are redirecting their focus towards well-located assets in surrounding submarkets, particularly Oakland Park.
Vice President Michael Carpenter handled the leasing for SRG, a division of the full-service real estate development firm, Stiles.
In this new role, he will serve as team leader for Native’s commercial agents and provide training, mentorship and any guidance the agents need to be successful.
Upon completion, phase 1 will contain 601 multifamily units; approximately 180,000 square feet of creative office space in Hines’ proprietary, heavy timber T3 (Timber, Transit, Technology) building; and more than 70,000 square feet of retail.
SRS Capital Markets Executive Vice President & Market Leader Patrick Nutt and Senior Vice President William Wamble who are based in Fort Lauderdale and Tampa, represented the seller in the transaction.
The destination, slated for completion in 2026, is set to deliver the first major mixed-use and true pedestrian-friendly city center to Hallandale Beach.
To qualify for a Kingsley Excellence Award, a property’s tenant satisfaction must exceed the Kingsley Index™, the most comprehensive performance benchmarking database in the commercial real estate industry.
Robert Given, Casey Rosen, Brad Capas and George Good with CBRE are marketing the property on behalf of the property owner.
This marks the first OL’DAYS restaurant in Broward County with other locations in Miami and outside of Florida in Nomad and Tribeca, NYC.
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