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South Florida

Equity One sells Coral Springs shopping center

Riverside Square (inset: Doron Valero)
Riverside Square (inset: Doron Valero)

Equity One unloaded the Riverside Square shopping center in Coral Springs for about $12.4 million.

The North Miami Beach real estate investment trust sold the Publix-anchored center at 8100-8260 Wiles Road in a transaction recorded on Tuesday, according to Broward County records. GFI Riverside of Sunrise is the buyer. The company received an $8.1 million mortgage from Mercantil Commercebank for the acquisition.

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GFI Riverside is managed by Doron Valero, the managing partner of Global Fund Investments. Global Fund specializes in acquiring, developing and managing shopping centers.

The 111,000-square-foot Riverside Square was constructed in 1987. — Eric Kalis

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Coral SpringsEquity One