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Florida & Gulf Coast  + South Florida  + Retail  |  March 3, 2020
David Cohen
By: David Cohen

South Florida Retail Center Trades for $23M

Institutional Property Advisors (IPA) has arranged the $22.7 million sale of Crystal Lake Shopping Center, a 86,000-square-foot, newly-constructed retail center in Homestead. The fully-occupied center features a tenant roster that consists of 24 Hour Fitness, Presidente Supermarket, Pizza Hut, and Goodwill.

Kirk Olson and Drew Kristol of IPA represented the seller, MMG Equity Partners, in the transaction. The buyer was Veraz Real Estate.

“The center is fully occupied, and provides much-needed retail shops for the area’s growing population and nearby Baptist Health Hospital,” said Kirk Olson, senior director at IPA.

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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