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
Laguna Pointe Apartments are at 903 Southwest 15th Street in Pompano Beach, 25370 Southwest 137th Avenue in Homestead and Sanctuary Cove Apartments at 5301 West McNab Road in North Lauderdale (Redfin, Apartments.com, Google Maps)
Blackstone goes all-in on South Florida affordable housing with over $300M portfolio deal
Blackstone goes all-in on South Florida affordable housing with over $300M portfolio deal
Ofizzina office tower in Coral Gables (TSG)
Lease roundup: Consulate General of Barbados, NY investment firm moving to Ofizzina in Coral Gables
Lease roundup: Consulate General of Barbados, NY investment firm moving to Ofizzina in Coral Gables
Atlantic Business Center, at 2201-2283 SW 2nd Street in Pompano Beach (Cushman & Wakefield)
Argentine brothers buy Pompano Beach office complex for $8M
Argentine brothers buy Pompano Beach office complex for $8M
Family of Real Housewife’s ex-husband buys South Beach retail building for $7M
Family of Real Housewife’s ex-husband buys South Beach retail building for $7M
Family of Real Housewife’s ex-husband buys South Beach retail building for $7M
Bridge Industrial buys Pompano Beach Commerce Park for $46M
Bridge Industrial buys Pompano Beach Commerce Park for $46M
Bridge Industrial buys Pompano Beach Commerce Park for $46M
Pembroke Park approves 6-acre retail development with a Wawa
Pembroke Park approves 6-acre retail development with a Wawa
Pembroke Park approves 6-acre retail development with a Wawa
Catch of the day? Acme Smoked Fish reels in Pompano Beach cold storage for $16M
Catch of the day? Acme Smoked Fish reels in Pompano Beach cold storage for $16M
Catch of the day? Acme Smoked Fish reels in Pompano Beach cold storage for $16M
Black Lion’s South Florida retail shopping spree continues with $19M South Beach deal
Black Lion’s South Florida retail shopping spree continues with $19M South Beach deal
Black Lion’s South Florida retail shopping spree continues with $19M South Beach deal
arrow_forward_ios

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

Loading...