FORT LAUERDALE, FL—A three-tenant strip center in Coral Springs,FL has traded hands. A 1031 exchange grabbed thenet leased asset for $3.5 million.

Doug Aronson, a director in Calkain's SouthFlorida office, handled both sides of the transaction and completedthe 1031 exchange. He says the deal required“extensive research” to satisfy the client's needs.

"Our client only wanted multi-tenant strip centers in oneparticular region of South Florida,” says Aronson. "The center hadto have a presence with national or strong regional tenants, new ornewer leases and of course be purchased at a reasonable caprate."

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