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
    21046 Commercial Trail, Boca Raton (Google Maps, iStock)
    New bowling alley lease couldn’t keep South Florida’s retail market out of the gutter in Q4
    New bowling alley lease couldn’t keep South Florida’s retail market out of the gutter in Q4
    2195 Northwest 103rd Street (Google Maps, iStock)
    Four South Florida gas stations sell for $15M
    Four South Florida gas stations sell for $15M
    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
    arrow_forward_ios

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

    Loading...