Sweet! Family of Colombian businessman buys Fresh Market in Fort Lauderdale for $9M

Company tied to the Colombian businessman’s children paid $447 psf for the store

Carlos Mattos and The Fresh Market
Carlos Mattos and The Fresh Market

The family of Colombian businessman Carlos Mattos bought a Fresh Market in Fort Lauderdale for $9.1 million.

NISA FM, tied to Mattos’ children Nicolas and Isabelle, and attorney Richard G. Toledo, purchased the 20,314-square-foot building at 424 North Federal Highway for $447 per square foot. The seller is 424 North Federal Highway LLC, which is managed by Martin Elrad.

Elrad’s entity had purchased the property in 2012 for $6.8 million. The store was built in 2013, records show.

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The Fresh Market is a high-end grocery store chain based in Greensboro, North Carolina. The company also has locations in Coconut Grove, Miami, Miami Beach, Aventura, Fort Lauderdale and Boca Raton.

Carlos Mattos made his money with Hyundai Colombia Automotriz, a car importer and distribution company he founded in his home country. His firm Isanic Trading is teaming up with Swire Properties to co-develop a 72,000-square-foot plot of land in Brickell, planned to be an extension of Swire’s Brickell City Centre.

In December his company bought an office building near Miracle Mile in Coral Gables at 2209 and 2235-2283 Southwest 37th Avenue for $16.4 million.