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South Florida

Loan sold on Pelican Shops in Davie

The Bank of America-issued mortgage was for $13.3 million

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The 55,703-square-foot Pelican Shops at Davie have been sold to
Jacksonville Beach-based company GFB Davie, an affiliate of Landology,
according to Broward County Circuit Court records. Bank of America
foreclosed on the property in October, naming Pelican Shops at Davie LLC
and managing member Frank Amedia as defendants. The property, at 4900
South University Drive, was built with a $13.3. million mortgage from
Bank of America. Great Florida Bank is a tenant in the center, but is
not named as a defendant. [SFBJ]

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