Coral Rock Development principals sell Wawa site in Cutler Bay

Wawa said it expects Florida to become its biggest market

Miami /
Apr.April 05, 2019 05:30 PM

Wawa in Cutler Bay

Two principals of Coral Rock Development Group and a partner sold a property in Cutler Bay where a Wawa is under construction for $5.7 million.

David Brown and Victor Brown of Coral Gables-based Coral Rock Development and Joe Weiselberg of Miami sold the 90,526-square-foot lot at 11101 Southwest 184th Street in Cutler Bay for $62 per square foot, records show. Joel Horowitz of Boca Raton bought the Wawa property.

Wawa, the popular Pennsylvania-based convenience store and gas station, has a 20-year lease at the property, according to LoopNet. Construction began last year, and it is expected to open this spring, according to Wawa’s website.

Wawa is expanding rapidly in South Florida and recently said it expects Florida to have more stores than Pennsylvania and New Jersey. It currently has more than 160 stores in Florida. The company said it plans to hire 1,000 people in Florida.

Recently, PEBB Enterprises and Banyan Development paid $12 million for a site at 6405 and 6495 Boynton Beach Boulevard in Boynton Beach to build a Wawa, according to the South Florida Business Journal.

Coral Rock Development was formed last year. A joint venture between Coral Rock Development Group and Arena Capital Holdings announced plans late last year to redevelop the Sunny Gardens Mobile Home Park at 2901 West 16th Avenue in Hialeah into 260 apartments and more than 50,000 square feet of commercial space.


Related Articles

arrow_forward_ios
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
Electra America managing partner Joe Lubeck and Southland Mall at 20505 South Dixie Highway in Cutler Bay (Google Maps, Electra America)
JV pays $100M for Southland Mall, eyes mixed-use redevelopment
JV pays $100M for Southland Mall, eyes mixed-use redevelopment
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
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
Kobi and Nancy Karp buy Walgreens-leased property in Delray Beach
Kobi and Nancy Karp buy Walgreens-leased property in Delray Beach
Kobi and Nancy Karp buy Walgreens-leased property in Delray Beach
New York, Miami, Chicago, Los Angeles, San Francisco and Chicago (iStock)
As rent explodes nationally, Miami tops the charts
As rent explodes nationally, Miami tops the charts
Alta Developers’ Raimundo Onetto in front of the development site (Google Maps)
Heading south: Alta buys dev site for apartment complex near Homestead
Heading south: Alta buys dev site for apartment complex near Homestead
Grant Cardone and a rendering of LAs Olas Walk (Cardone Capital, ZOM/McNeal Realty)
Grant Cardone to buy $750M in SoFla apartments
Grant Cardone to buy $750M in SoFla apartments
arrow_forward_ios

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

Loading...