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
Developer David Edelstein and Robert Levine of RAL Development with the project (Getty, RAL)
David Edelstein, partner close on missing piece of Wynwood assemblage for office towers
David Edelstein, partner close on missing piece of Wynwood assemblage for office towers
David Grutman and Pharrell’s Goodtime Hotel had received nearly 30 noise violations (Carma Connected, Getty)
Too much of a good time? David Grutman and Pharrell’s Goodtime Hotel could lose entertainment permit
Too much of a good time? David Grutman and Pharrell’s Goodtime Hotel could lose entertainment permit
Related Companies Chairman Stephen Ross with One Flagler (Related, Getty)
Prayers answered? Related Companies closes on church site for planned office tower in downtown West Palm
Prayers answered? Related Companies closes on church site for planned office tower in downtown West Palm
Grover Corlew principal Mark Corlew with Bank of America Tower in Boca Raton (Grover Corlew)
Grover Corlew buys Bank of America Tower in Boca Raton for $45M
Grover Corlew buys Bank of America Tower in Boca Raton for $45M
Davie student housing complex scores $62M refi, construction loan
Davie student housing complex scores $62M refi, construction loan
Davie student housing complex scores $62M refi, construction loan
The partially collapsed 12-story Champlain Towers South condo building (Getty)
Inside the tug-of-war over the Surfside condo site’s future
Inside the tug-of-war over the Surfside condo site’s future
Moishe Mana and the downtown parking lot he purchased (Google Maps, Getty)
Moishe Mana expands downtown Miami assemblage with $12M purchase
Moishe Mana expands downtown Miami assemblage with $12M purchase
The Avenue Apartments at 6220 Reese Road in Davie (Photo via Avenue Davie)
Boardwalk Properties sued for alleged racial discrimination
Boardwalk Properties sued for alleged racial discrimination
arrow_forward_ios

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

Loading...