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South Florida

Weston shops trade for $15M

Waterway Shoppes in Weston
Waterway Shoppes in Weston

A Coral Gables-based company picked up a shopping center in Weston for $15.3 million, according to Broward County records.

Insumus Ferroviaros Inferca sold the nearly 5-acre site at 2210-2281 Weston Road to Waterway Ventures.

Tenants of Waterway Shoppes include International Finance Bank, Mallardi’s Tuscan Grill and Offerdahl’s Cafe Grill. The property last sold in November 2013 for an undisclosed amount, according to Broward County property records. It was built in 1999.

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The buyer is tied to Fondo Atlas, an LLC that lists Jose Torbay and Dylan Fonseca as registered agents. Torbay was also listed as part of new ownership of a Coral Springs shopping center that sold for $27 million in February.

Principal Global Investors granted the buyer a $10.4 million mortgage, records show.

The seller shares the same name as a Venezuelan concrete manufacturer.

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