Thank you for sharing!

Your article was successfully shared with the contacts you provided.

CORAL SPRINGS, FL-Cypress Run Marketplace, a 85,247-sf shopping center here, has been sold for $7.8 million, or about $91.79 per sf. Game Properties, a local investor from Coral Gables, FL, purchased the property, located at 10599 W. Atlantic Blvd., from Sansone Group of St Louis.

The shopping center is anchored by Winn-Dixie. Other tenants include ABC Learning Center and the Broward County Library. At the time of the sale, the center was 87% occupied.

Cypress Run Marketplace was built in 1989, but the property owner and Winn-Dixie recently provided substantial property improvements. The shopping center was the seller’s only asset in Florida; most of its properties are located in the St. Louis area.

“It is a long term hold for the buyer,” William R. Strauss, a broker involved in the transaction, tells GlobeSt.com. “The property is well-located and in overall good physical condition. The only remaining issue is to lease up the few current vacancies.”

Strauss, David J. Donnellan and Richard Tarquinio, retail investment advisers of CB Richard Ellis, represented Sansone Group and were the only brokers involved in the transaction.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.