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
Brookfield Asset Management CEO Bruce Flatt, Dacra president and CEO Craig Robins, L Catterton CEO James Michael Chu, and the Paradise Plaza in Miami’s Design District (Google Maps, Wikipedia, LCatterton)
Haute rent: What Gucci, Dior and others pay in Miami’s Design District
Haute rent: What Gucci, Dior and others pay in Miami’s Design District
Planned Waldorf Astoria Miami wins design approval
Planned Waldorf Astoria Miami wins design approval
Planned Waldorf Astoria Miami wins design approval
Rendering of N29 project as seen from NW 29th Street and 1st Avenue and Carpe Real Estate Partners co-founder David Weitz (L&L Carpe Wynwood Holdings)
Miami board rejects design for massive Wynwood mixed-use project, N29
Miami board rejects design for massive Wynwood mixed-use project, N29
https://therealdeal.com/sanfrancisco/2021/10/19/sf-planning-commission-chooses-laundry-over-housing/
Surfside collapse mediation hits standoff, as rival sides dig in heels on disbursements
Surfside collapse mediation hits standoff, as rival sides dig in heels on disbursements
Don Peebles, Michael Swerdlow and a rendering of the development (Black 55)
Don Peebles drops remaining $160M claims tied to Overtown development lawsuit
Don Peebles drops remaining $160M claims tied to Overtown development lawsuit
Lissette Calderon and renderings of The Julia (Neology Life)
Lissette Calderon scores $78M construction loan for second Allapattah multifamily project
Lissette Calderon scores $78M construction loan for second Allapattah multifamily project
From left: Cavalli Tower with Hussain Sajwani of Damac and the Surfside condo collapse site (Damac, Wikimedia, Getty)
From Dubai to Surfside: Inside Damac’s plans to redevelop the tragic site
From Dubai to Surfside: Inside Damac’s plans to redevelop the tragic site
Pompano Beach mixed-use project scores $45M construction loan
Pompano Beach mixed-use project scores $45M construction loan
Pompano Beach mixed-use project scores $45M construction loan
arrow_forward_ios

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

Loading...