Thank you for sharing!

Your article was successfully shared with the contacts you provided.

COCONUT CREEK, FL-SCP-Capri Township Plaza Owner LLC has acquired the 74,272-sf Township Plaza Shopping Center at 4400 W. Sample Rd. for $12.1 million. The deal equals $190 per sf.

The buyer is a partnership associated with Fort Lauderdale-based Stiles Corp. The seller, locally based Minto Communities, was represented by New York City-based DTZ Rockwood managing director John Bell, who is located in the firm’s Miami office. Staubach Co. SVP Brad Peterson assisted Bell in the sale.

The property, which was 92% leased at the time of the sale, is located along a heavily traveled road. Across from the center is a future development site known as Creek Commons, which will bring an anticipated 2,700 residential units and potentially 1,300 hotel rooms, as well as a recreational center.

“The surrounding demographics are impressive and the opportunity to increase rents over the near term are significant,” says Bell.

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

GlobeSt. NET LEASE Spring 2021Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information


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.