GDF Properties scores a retail center in Pompano Beach

The property is near Isle Casino Racing Pompano Park

Miami /
Jan.January 20, 2020 01:30 PM
2401 West Atlantic Boulevard, Nightingale’s Elie Schwartz and Simon Singer and David Egozi of JDM Realty Group (Credit: Google Maps)

2401 West Atlantic Boulevard, Nightingale’s Elie Schwartz and Simon Singer and David Egozi of JDM Realty Group (Credit: Google Maps)

GDF Properties, a Puerto Rico-based investment firm, bought a retail center in Pompano Beach for $11.6 million, marking its second deal in Broward County in a week.

The firm purchased Dansk Shopping Center, at 2401 West Atlantic Boulevard, from New York-based Nightingale Properties.

The shopping center totals 58,719 square feet, equating to a price of $197 per square foot, records show.

The property was last purchased for $11.2 million in 2013, records show. The shopping center was built in 1987 and sits on about 5 acres. It is located at the intersection of North Powerline Road and West Atlantic Boulevard.

David Egozi of JDM Realty Group represented the buyer in the transaction. Egozi said the property is 62 percent occupied.

Last week, GDF Properties purchased a two-building industrial/office complex at 5410-5430 Northwest 33rd Avenue in Fort Lauderdale.

The Pompano Beach retail center is near Isle Casino Racing Pompano Park and could benefit from a proposal to build more residential development there. In January, Pompano Beach commissioners granted the first approval to triple the maximum number of residential units at Isle Casino Racing Pompano Park. Reno, Nevada-based Eldorado Resorts is in a joint venture to redevelop the 223-acre Pompano Beach property with Baltimore-based Cordish Companies, the developer of the Seminole Hard Rock Hotel & Casino in Hollywood.


Related Articles

arrow_forward_ios
Nautical Ventures Marine CEO Roger Moore and Holman Automotive CEO Brian Bates with 1400 South Federal Highway (Google Maps)

Holman sells former Fort Lauderdale BMW dealership for $6M

Holman sells former Fort Lauderdale BMW dealership for $6M
Rendering of the Dorsey with Alex Karakhanian, Jon Paul Perez and Tricera’s Scott Sherman and Ben Mandel (iStock)

Related scores $88M construction loan for Dorsey project in Wynwood

Related scores $88M construction loan for Dorsey project in Wynwood
12301 West Sunrise Boulevard with Raanan Katz, Bob Barth, Zach Zalben and Stanley Black (Google Maps, Linkedin, Getty)

Miami Heat minority owner continues Best Buy shopping spree with $12M Plantation deal

Miami Heat minority owner continues Best Buy shopping spree with $12M Plantation deal
From top: Ruben Lujo from Broward Meat, SunCap's Scott Auker and Ross Realty's Barry Ross with Penn Dutch Plaza shopping center in Margate (Linkedin, Google Maps)

Part of Margate shopping center formerly anchored by Penn Dutch sells for $12M

Part of Margate shopping center formerly anchored by Penn Dutch sells for $12M
Costco CEO Craig Jelinek and 8300 Park Boulevard, Miami (Costco, Google Maps, iStock)

Costco sells site near Doral to Trammell Crow for $19M

Costco sells site near Doral to Trammell Crow for $19M
(Google Maps)

Here are South Florida’s biggest retail leases in 2020

Here are South Florida’s biggest retail leases in 2020
(Getty)

Here are South Florida’s largest retail sales of 2020

Here are South Florida’s largest retail sales of 2020
Alex Rosemurgy and 2350 to 2390 North Federal Highway (Twitter, Google Maps)

Rosemurgy sells Pompano Beach shopping center for $10M

Rosemurgy sells Pompano Beach shopping center for $10M
arrow_forward_ios

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

Loading...