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Florida & Gulf Coast  + South Florida  + Retail  |  October 1, 2020
David Cohen
By: David Cohen

Merrimac Ventures Acquires Retail Property in Fort Lauderdale for $14M

Merrimac Ventures has acquired five adjacent commercial properties totaling nearly two acres in Downtown Fort Lauderdale for $14 million.

The properties include a two-story retail building occupied by Sherwin Williams as well as a Greyhound Bus Stop. Located along North Federal Highway between NE 3rd Street and NE 4th Street in Downtown Fort Lauderdale, the site features an entire city block of frontage.

Merrimac Ventures acquired the properties from J&C Fox Family LLC and Joel Fox Inc., for $14 million in a 1031 Exchange. Adam Tiktin and Alejandro Snyder of Tiktin Real Estate Investment Services represented both the seller and the buyer in the transaction. Closing took place Sept. 29th.

For comments, questions or concerns, please contact David Cohen

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About David Cohen

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.
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