Rosemurgy sells Pompano Beach shopping center for $10M

Seller paid $3M for the property in 2014, built the retail center in 2015

Miami /
Dec.December 15, 2020 06:00 PM
Alex Rosemurgy and 2350 to 2390 North Federal Highway (Twitter, Google Maps)

Alex Rosemurgy and 2350 to 2390 North Federal Highway (Twitter, Google Maps)

Rosemurgy Properties sold a Pompano Beach shopping center for $10.1 million.

A company managed by Nicolas and Isabella Mattos — the children of Carlos Mattos, founder of car importer Hyundai Colombia Automotriz — bought the retail center at 2350 to 2390 North Federal Highway, according to a press release. The buying entity is also managed by attorney Richard G. Toledo.

The 13,500-square-foot shopping center, called The 23Hundred, was developed in 2015 and includes tenants Chipotle, Pei Wei, Jersey Mikes, Smoothie King and Supercuts, according to the release.

Adam Gutin and Brian Hickey of Nason Yeager represented Rosemurgy Properties. Patrick Nutt of SRS Real Estate Partners represented the buyers.

Rosemurgy Properties bought the property in a $2.5 million deal in 2014, according to records.

Rosemurgy, based in Boca Raton and led by Alex Rosemurgy II, is a partner on a proposed 124-unit, mid-rise apartment complex in Lake Worth Beach, as well as a three-story self-storage and retail center in northern Boca Raton.

In November, the Mattos family expanded its South Florida holdings by buying a shopping center in Weston for $20.45 million.

Earlier this year, the Mattos family bought an assemblage in Hialeah for $8 million.

Carlos Mattos is also partnering with Swire on a 100,000-square-foot-plus expansion at Brickell City Centre, which would include a 54-story, 588-unit residential tower, another 62-story, 384-unit residential tower, commercial space and parking.

Other recent retail center sales in South Florida include a Parkland couple buying a Tamarac shopping center for $6.5 million, and Seritage selling a 108,000-square-foot shopping center formerly anchored by Kmart in Hialeah for $21 million.





    Related Articles

    arrow_forward_ios
    Tricera Capita's Ben Mandell with rendering of The Press project (Tricera Capital)
    Lease roundup: Tricera scores tenants in West Palm, Boca
    Lease roundup: Tricera scores tenants in West Palm, Boca
    From left: Lalo Durazo, Ricardo Dunin, Peacock Garden cafe, Gregory Galy and Mark Scheinberg (Getty, Peacock Garden)
    Billionaire’s hospitality group buys Peacock Garden in Coconut Grove
    Billionaire’s hospitality group buys Peacock Garden in Coconut Grove
    Rockpoint's Bill Walton and Keith Gelb with the Shops at Mary Brickell Village (left), 1221 Brickell (middle), and 911 Southwest First Avenue (right) (Rockpoint, Google Maps, Twitter)
    Rockpoint’s Brickell bonanza: Firm reaps riches in booming neighborhood
    Rockpoint’s Brickell bonanza: Firm reaps riches in booming neighborhood
    From left: Rockpoint’s Bill Walton and Keith Gelb, 911 Southwest First Avenue and RPT Realty’s Brian Harper (Rockpoint, Google Maps, RPT Realty)
    RPT Realty buys Shops at Mary Brickell Village for $216M
    RPT Realty buys Shops at Mary Brickell Village for $216M
    Lucid Investment Group's Andrew Rasken with 143 Southwest Ninth Street
    Mexican developer-led JV plans Brickell apartment tower
    Mexican developer-led JV plans Brickell apartment tower
    IMC Equity's Yorham Izhak with Festival Flea Market
    Festival Flea Market Mall in Pompano Beach to be replaced with warehouses
    Festival Flea Market Mall in Pompano Beach to be replaced with warehouses
    Google Street View of the properties at 551 Southeast Eighth Street and 551 Southeast Fifth Avenue in Delray Beach with CDS International Holdings founder Carl DeSantis (Google Maps, CDS Holdings)
    Celsius energy drink investor Carl DeSantis pays $25M for Delray Beach offices
    Celsius energy drink investor Carl DeSantis pays $25M for Delray Beach offices
    From left: Harbor Group International's Jordan E. Slone and T. Richard Litton Jr. (sellers); Cottonwood Residential's Daniel Shaeffer and Chad Christensen; 4411 North Federal Highway in Pompano Beach (Cottonwood Residential, Harbor Group International, Google Maps, iStock)
    Cottonwood buys Pompano Beach apartment complex for $95.5M
    Cottonwood buys Pompano Beach apartment complex for $95.5M
    arrow_forward_ios

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

    Loading...