April 24, 2017 Comments Off on So. Florida Retail Center Trades for $30M Views: 477 Florida, National News, Southeast

So. Florida Retail Center Trades for $30M

Pompano Plaza, a 126,928-square-foot grocery-anchored shopping center in Pompano Beach, FL traded hands for $29.6 million. A Miami-based Cushman & Wakefield investment sales team of Mark Gilbert, Adam Feinstein and Mitchell Halpern negotiated the disposition on behalf of long-term owner, Pompano Plaza, Ltd. The asset was acquired by Pittsburgh-based investor, ECHO Realty, which was self-represented.

Located in northeast Broward County, the center was developed in 1973 and significantly renovated in 2006 when a portion of the original structure was demolished and replaced with a new Publix store. A bank outparcel building was added in 2010.

The plaza, which is anchored by Publix, Marshalls, Office Depot and Tuesday Morning, is 100% occupied. The nine-acre parcel is located at 1405 South Federal Highway.

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