S2 Development buys Township Plaza in Coconut Creek

The retail office center's tenants include a Winn Dixie and Minto Home Communities

Miami /
Mar.March 08, 2019 04:00 PM

S2 Development’s Claudio Stivelman and Township Plaza in Coconut Creek (Credit: LoopNet)

S2 Development bought the Township Plaza in Coconut Creek for $10.1 million.

The Aventura-based real estate firm bought the 66,266-square-foot retail and office property at 4400 West Sample Road for $152 per square foot, records show. The seller was Township Shoppers LLC, which is managed by Roy Mussaffi and Simha Rabi.

Township Plaza was 89 percent occupied at the time of the sale. Tenants include Winn Dixie and Minto Home Communities. The property sits on 9.1 acres, one mile east of US 441/SR 7.

CBRE’s Miami-based Todd Weintraub represented the seller. The property last sold in 2011 for $5.8 million, records show.

S2 Development co-developed Muse Residences in Sunny Isles Beach along with Property Markets Group. The 49-story luxury tower at 17141 Collins Avenue started closings last year.


Related Articles

arrow_forward_ios
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
Alina Residences in Boca Raton (Alina Residences)
El-Ad scores $53M construction loan for Alina Residences in Boca Raton
El-Ad scores $53M construction loan for Alina Residences in Boca Raton
Nathan Reiber was the developer for Champlain Towers South in Surfside (Getty, Levitt-Weinstein Obituary)
Surfside condo developer faced legal trouble in Canada, found clean slate in South Florida
Surfside condo developer faced legal trouble in Canada, found clean slate in South Florida
Rendering of Boca Ice and Fine Arts Center courtesy of Peninsula Ice LLC 
Ice skating gliding into Boca: Arena developers score $14M construction loan
Ice skating gliding into Boca: Arena developers score $14M construction loan
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
Steven Witkoff and 700 North Miami Avenue (Google Maps)
Witkoff, Monroe pay $94M for site of canceled Marriott hotel at Miami Worldcenter
Witkoff, Monroe pay $94M for site of canceled Marriott hotel at Miami Worldcenter
Asher Abehsera and Jonathon Yormak with 2400-2500 North Miami Avenue (Google Maps)
LIVWRK in contract to buy Wynwood assemblage from East End Capital
LIVWRK in contract to buy Wynwood assemblage from East End Capital
arrow_forward_ios

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

Loading...