Nova Southeastern University sells University Park Plaza in Davie

The university bought the site in 1985 for $4.8M with partner the Brandon Company

Miami /
Oct.October 17, 2017 02:00 PM

A shopping center just west of Nova Southeastern University called University Park Plaza has traded hands for $22 million, property records show.

National hospital operator HCA bought the nearly 190,000-square-foot center at 3400 and 3580 South University Drive for about $117 per square foot. University Associates Ltd., the for-profit arm of Nova Southeastern University, was the seller.

The university bought the site in 1985 for $4.8 million with its partner the Brandon Company, a Miami-based commercial developer, records show.

Westside Regional Medical Center’s off-site emergency room was part of the trade. Records show the 12,700-square-foot facility at 3476 South University Drive was built in 2016. Tenants include Geronimo’s Bar & Grill and Nova Southeastern’s bookstore.

Representatives of the Brandon Company and NSU were not immediately available for comment.

Earlier this month, Nova Southeastern University’s North Miami Beach campus hit the market for $32 million. Listing agent Adam J. Tiktin said the university will be taking equity from the sale and reinvesting it into its main campus in Davie.

Nearby, developer Harvey Mattel and his partner Ari Meltzer are building Downtown Davie, a mixed-use project that will bring 855 upscale dormitory rooms plus ground-floor retail stores, cafes and offices. The project is scheduled to open by the fall of 2018.


Related Articles

arrow_forward_ios
Mill Creek’s William MacDonald with FCP’s Alex Marshall, Esko Korhonen and Lacy Rice in front of rendering of the Modera Academical Village project (Mill Creek Residential, FCP, Dorsky Yue International)
FCP, Mill Creek pay $25M for multifamily dev site next to NSU in Davie
FCP, Mill Creek pay $25M for multifamily dev site next to NSU in Davie
MSP Capital co-founders and managing partners Murray McCabe and Max Lamont and the Pelican Bays office/warehouse complex at 4990 Southwest 52nd Street in Davie (Google Maps, MSP Capital Partners)
MSP Capital pays $50M for Davie office/warehouse complex
MSP Capital pays $50M for Davie office/warehouse complex
Hollywood Locations' Christopher Ursitti and 1400 Northwest 31st Avenue (Hollywood Locations, Google Maps)
Movie studio complex may rise on former incinerator site in Fort Lauderdale
Movie studio complex may rise on former incinerator site in Fort Lauderdale
Cabot Properties' Franz Colloredo-Mansfeld with Miramar Centre Business Park (Cabot, iStock) Lease, Logistics
Lease roundup: Ryder Logistics leases 150K sf at Miramar Centre Business Park
Lease roundup: Ryder Logistics leases 150K sf at Miramar Centre Business Park
McDowell wants to build 201 apartments near Homestead, puts land under contract
McDowell wants to build 201 apartments near Homestead, puts land under contract
McDowell wants to build 201 apartments near Homestead, puts land under contract
The Gateway at Wynwood (R & B Realty Group)
Lease roundup: Danish furniture chain, mobile bill payment firm lease in Miami’s Wynwood
Lease roundup: Danish furniture chain, mobile bill payment firm lease in Miami’s Wynwood
Mavik Capital, partners pay $82M for rental portfolio
Mavik Capital, partners pay $82M for rental portfolio
Mavik Capital, partners pay $82M for rental portfolio
Jackie Soffer with 2750 Northeast 199th Street (Google Maps, Turnberry.com)
Jackie Soffer’s Turnberry proposes office/retail project near Aventura Mall
Jackie Soffer’s Turnberry proposes office/retail project near Aventura Mall
arrow_forward_ios

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

Loading...