Lauderlake Marketplace listed for sale at $32M

Miami /
Jul.July 17, 2015 03:30 PM

A nearly 30-acre retail development in Broward’s Lauderdale Lakes has hit the market for $32 million, The Real Deal has learned.

Lauderdale Marketplace, which is 87 percent leased, is on the southeast corner of Oakland Park Boulevard and State Road 7. Berger Commercial Realty is the exclusive listing agent for the property, which is owned by Lauderdale Marketplace Investments.

Tenants of the 266,000-square-foot development include Broward Health, YouFit Health Club, Humana, the Broward Sheriff’s Office, the Department of Veteran Affairs and the Department of Highway Safety and Motor Vehicles, according to a press release. The Lauderdale Lakes complex was built in 1986 and 1987.

“In addition to its stable tenant mix, Lauderdale Marketplace also provides an excellent long-term opportunity to redevelop the entire site as a multi-purpose city center,” Berger vice president Joseph Byrnes said in the press release. “The areas of central and western Broward County are experiencing a boom right now, and Lauderdale Marketplace offers a prime location for further growth.”

Commercial real estate investor Austin Forman and Blackrock Partners, Ltd. are listed on the owner’s corporate records. — Katherine Kallergis


Related Articles

arrow_forward_ios
Harlan Goldberg, Ricardo Esteves and Jacky Sasson
Movers & Shakers: Bespoke promotes managing director & more
Movers & Shakers: Bespoke promotes managing director & more
Webinar panelists, Lloyd C. Berger, Michael Feuerman, Michael Boutzoukas, David Bevirt, J.C. de Ona, and David Blattner
Turbulence ahead as Covid-19 stimulus aid keeps rents afloat in SoFla CRE
Turbulence ahead as Covid-19 stimulus aid keeps rents afloat in SoFla CRE
Movers & Shakers: Former Stiles VP joins Berger Commercial Realty & more
Movers & Shakers: Former Stiles VP joins Berger Commercial Realty & more
Movers & Shakers: Former Stiles VP joins Berger Commercial Realty & more
Vista Business Park
McCraney sells industrial building in WPB for $127 psf
McCraney sells industrial building in WPB for $127 psf
Historic Fort Lauderdale bar to become mixed-use development
Historic Fort Lauderdale bar to become mixed-use development
Historic Fort Lauderdale bar to become mixed-use development
Alliance Residential buys Plantation site, lands $33M loan
Alliance Residential buys Plantation site, lands $33M loan
Alliance Residential buys Plantation site, lands $33M loan
Greg Milopoulos and Joseph Byrnes of Berger Commercial Realty
Here’s what sold between $1M and $8M this week
Here’s what sold between $1M and $8M this week
Here’s what sold between $1M and $10M this week
Here’s what sold between $1M and $10M this week
Here’s what sold between $1M and $10M this week
arrow_forward_ios

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

Loading...