CBRE Facilitates Sale Of 85,000-SF Shopping Center

Mar 16, 2020 No Comments by

CBRE facilitated the $14.4 million sale of Shoppes on University, an 84,655-square-foot shopping center anchored by Planet Fitness and La Colonia Medical Center.

The property is located at 5716 North University Drive in Tamarac. The property was sold to Roalga, LLC and Shoppes on University, LLC, a Miami-based private investment group. The seller was RM Tamarac Plaza, LP, a Texas limited partnership.

CBRE’s David Donnellan and Patricia Friend represented the seller in the transaction. Based in Fort Lauderdale, Donnellan and Friend focus on the disposition of multi-tenant shopping centers and single-tenant net leased investments in South Florida.

 

“Shoppes on University recently underwent a complete renovation and re-tenanting by the seller who brought the center up to modern standards,” said Donnellan. “The seller was also able to secure two new excellent high traffic-generating anchor tenants, as well as many other new viable shop space tenants that has positioned the property for future success,” Donnellan added.

Other new tenants at the center include Metro Diner, Wingstop, Check Cashing Store and Metro PCS.

 

 

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Broward County Retail, Industry News, NA, Retail
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