HOLLYWOOD, FL-An affiliate of Fort Lauderdale-based Stiles Corp. has secured a $27.4-million loan from Wells Fargo to begin construction on the West Lake shopping center here.
The Stiles affiliate acquired a former automobile dealership at 170 Sheridan St. on nearly 14 acres from Hollywood Lincoln for $13.5 million, according to the South Florida Business Journal. The firm hopes to build an 80,000-square-foot shopping center, according to the company's website. Public records indicate that Stiles already signed leases with Publix Super Markets, Starbucks and Pollo Tropical for the center. See story in the South Florida Business Journal.
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