The Real Deal Miami

Plantation Crossing shopping center sells for $15.7M

August 16, 2012 03:00PM

Plantation Crossing shopping center

An LLC affiliate of Davie-based Azor Advisory Services has purchased the Plantation Crossing shopping center for $15.7 million from Texas-based SCPlantation, according to the South Florida Business Journal. The buyer of the 70,000-square-foot shopping center, which is located at 12130 West Sunrise Boulevard in Plantation, also received an additional $11 million commercial mortgage-backed securities loan from SCPlantation, which is managed by Jeffrey Lehmann.

Adam Lustig of Bilzin Sumberg represented Azor and Russ Bornstein, who switched to CBRE from Grubb & Ellis during the transaction, represented the seller. “Plantation Crossing shopping center is well located in a very strong submarket adjacent to the ever-expanding Sawgrass Mills Mall,” Bornstein said. [SFBJ]Christopher Cameron