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FORT LAUDERDALE, FL-Albertson’s 53,820-sf supermarket lease in a Lauderhill, FL strip center is worth $1 million to Woolbright Universal Plaza Ltd. That’s what the firm paid to buy out the lease from One Glenwood Associates. The 235,000-sf Universal Plaza, where Albertson’s is located, is being demolished to make room for a Super Target store.

The retail center is at the southwest corner of University Drive and Commercial Boulevard in Broward County, 35 miles north of Downtown Miami. The Rotella Toroyan Clinton Group of Fort Lauderdale handled the buyout, as well as a second buyout transaction for Shells Casual Seafood Restaurants in Jacksonville, FL.

Shells purchased a 10-year lease with an inception value of $443,000 and a total value of $652,560 from Cenpo Ltd. of Jacksonville. The lease began in June 1996. The 5,438 sf is at Merchant’s Walk, a 53,246-sf strip center on San Jose Boulevard.

Rotella Toroyan Clinton Group is a member of RealSource, a broker networking organization in the Southeast and Mid-Atlantic.

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