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The Real Deal Miami

Davie’s Shoppes of Rolling Hills sells for $4.6M

January 04, 2013 10:30AM

The Shoppes of Rolling Hills in Davie has been sold for $4.6 million, The Real Deal has learned. The property, which is located at 2851 South University Drive, was moved in an expedited sale late in December  due to the looming fiscal cliff and increase in the capital gains tax. Bilzin Sumberg Attorney Adam Lustig took over and helped close the deal within three weeks, representing buyer Beth Azor of SRH Partners. The Shoppes provided a $2.6 million purchase money note and mortgage due to the short time frame. It was Beth Azor’s third acquisition on South University Drive, along with the Shoppes of Arrowhead and 2101 South University Drive. — Alexander Britell