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Grocery-Anchored Coral Springs Retail Center Trades for $21M
Continental Realty Corporation (CRC) sold Cypress Run Marketplace, an 87,000-square-foot neighborhood shopping center located at 10599 West Atlantic Boulevard in Coral Springs. The property was sold for $21.32 million. The buyer was The Q.V.H. Corporation. Cypress Run was acquired in 2015 on behalf of Continental Realty Fund IV, L.P., for $13.6 million.
Constructed in 1989 and located at West Atlantic Boulevard and Coral Springs Drive intersection, the asset is anchored by Walmart Neighborhood Market, the international retailer’s grocery concept. The shopping center includes roughly 48,000 square feet of in-line and out-parcel tenants, featuring a mix of restaurants, health and beauty, fitness, consumer and professional services, and other necessity-based retail categories. The center is 100% occupied.
CBRE’s Dennis Carson, Sriram Rajan, and Casey Rosen represented CRC in the transaction.
- ◦Sale/Acquisition
