Sunrise retail buildings trade for $16M

Miami /
Dec.December 10, 2013 09:45 AM

Two Sunrise retail buildings changed hands for more than $16 million, The Real Deal has learned.

Gateway at Sawgrass, a retail center near the Ikea’s Sunrise store, traded last Friday, according to Broward County records. Sawgrass Gateway Center, a company managed by Fort Lauderdale-based Stiles, sold the 101 and 165 Northwest 136th Avenue buildings. The buyer is Gateway at Sawgrass Investments, a company managed by Coral Gables attorney Alex Sirulnik.

Broward County recorded the transaction on Monday. No financing was recorded.

Built in 2007 on the northwest corner of I-595 and 136th Avenue, Gateway has more than 40,000 square feet of retail space. Tenants include Chipotle, Starbucks and Subway.

The Ikea building at 151 NW 136th Avenue was not part of the sale. That property is owned by the Swedish furniture retailer.

Ikea plans to open its first Miami-Dade County store near the Dolphin Mall next summer. — Eric Kalis


Related Articles

arrow_forward_ios
1500 Concord Terrace and Atal Bansal, founder and CEO of Chetu (Photos courtesy of Chetu)
Software firm Chetu buys Sunrise office property for $25M
Software firm Chetu buys Sunrise office property for $25M
T-Mobile store logo (Getty) and 4850 Northwest 103rd Avenue in Sunrise, Florida (Google Maps)
Des Moines investment firm pays $26M for T-Mobile data center in Sunrise
Des Moines investment firm pays $26M for T-Mobile data center in Sunrise
Joseph Kavana with Metropica.
Joseph Kavana lands $30M loan for existing condo inventory at Metropica
Joseph Kavana lands $30M loan for existing condo inventory at Metropica
Sunrise Corporate Plaza at 1300 Sawgrass Corporate Parkway with Stiles CEO Kenneth Stiles (right) and IP Capital Partners president Jason Isaacson (CBRE, Stiles, IP Capital)
Stiles sells Sunrise office building to IP Capital for $25M
Stiles sells Sunrise office building to IP Capital for $25M
Rendering of Plantation apartments with PGIM's Eric Adler and Stiles Corp's Ken Stiles (Stiles)
Stiles, PGIM buy Plantation multifamily dev site from synagogue, score $64M financing
Stiles, PGIM buy Plantation multifamily dev site from synagogue, score $64M financing
Jim Carr of CC Homes with an aerial of the Sunrise development (CC Homes, Google Maps)
CC Homes plans to build 900 homes on shuttered golf course in Sunrise
CC Homes plans to build 900 homes on shuttered golf course in Sunrise
Stiltsville (Wikimedia Commons)
One of few remaining Stiltsville homes destroyed in fire
One of few remaining Stiltsville homes destroyed in fire
Kenneth Stiles and a rendering of Novo Las Olas
Preleasing begins at Novo Las Olas in downtown Fort Lauderdale
Preleasing begins at Novo Las Olas in downtown Fort Lauderdale
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...