CBRE Closes Sale Of Las Olas Retail Property For $566 PSF

Sep 27, 2017 No Comments by

CBRE arranged the sale of Himmarshee Landing North, a 7,945-square-foot, multi-tenant retail property located at 1201-1213 East Las Olas Boulevard in Fort Lauderdale.

Midwest Bridge Management Corporation sold the property for $4,500,000 to ELO Investments 2, LLC.

CBRE’s David Donnellan and Patricia Friend, in cooperation with Clay Shaw of Shaw Realty, were the sole brokers in the transaction.

 

“It is exciting to finally see major property owners along Las Olas Boulevard put forward a cohesive marketing effort to remerchandise and upgrade this renowned shopping and restaurant destination,” said David J. Donnellan, senior vice president. “The buyer of Himmarshee Landing North has been an active owner on the boulevard for several years and fully understands and appreciates the bright future of Las Olas.”

Himmarshee Landing North is a two-building streetfront retail center located in downtown Fort Lauderdale, east of the Himmarshee Canal and on the northeast corner of Las Olas Boulevard and Southeast 12th Avenue. The corner parcel includes a two-tenant building leased to Las Olas Chemist and Dry Clean USA, which is set back behind a 10-space parking lot. The adjacent parcel to the east includes a three-tenant streetfront retail building with one bay leased to Real Living Infinity International and two vacant bays. Overall, the property is 46.5 percent leased.

 

 

 

————————-

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
  • Facebook
  • LinkedIn
  • Twitter
  • Add to favorites
  • Print
Broward County Retail, Industry News, NA, Retail
No Responses to “CBRE Closes Sale Of Las Olas Retail Property For $566 PSF”

Leave a Reply