FORT LAUDERDALE, FL—Northbridge Investment Management has sold a1.7-acre, single-tenant parcel here to Promociones 96, a privateinvestor in the area. JLL Capital Markets closed the $7.28 millionsale of the parcel, which is ground leased to Wawa, a conveniencestore.
"There was a lot of interest because of the quality of thelocation, being near I-95 and near downtown Fort Lauderdale," JLLCapital Markets Director Michael Brewster tells GlobeSt.com. "It isa very captive shopping center for retail because of how dense thearea is and its proximity to the beaches as well.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
