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
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
Alan Ojeda and 8894 NW 44 Street in Sunrise (Google Maps)

Rilea Group scores $46M construction loan for Sunrise apartments

Rilea Group scores $46M construction loan for Sunrise apartments
Sunrise Imposes Moratorium To Avoid “Food Desert” Threat

Sunrise suspends small store developments that pose “food desert” threat

Sunrise suspends small store developments that pose “food desert” threat
Metropica and Joseph Kavana

First condo tower at massive Metropica development in Sunrise completed

First condo tower at massive Metropica development in Sunrise completed
5010 Nob Hill Road (Credit: Google Maps)

Sunrise affordable senior housing facility sells for $30M

Sunrise affordable senior housing facility sells for $30M
Clockwise from top left: John Tolbert, Philip Goldfarb, Dev Motwani, José Cil and Ken Stiles

Developers, resort owners push for Florida reopening plan

Developers, resort owners push for Florida reopening plan
Metropica and Joseph Kavana (Credit: iStock)

Condo buyer sues Metropica developer over delays

Condo buyer sues Metropica developer over delays
Joseph Kavana a rendering of Metropica and a Stefan Szczesny sculpture

Art Miami sculptures to fill Metropica

Art Miami sculptures to fill Metropica
arrow_forward_ios

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

Loading...