Ex-owner of Festival Flea Market pays $6M for Boca Raton condo

Alina Residences unit is in El-Ad National Properties’ first phase of the project

Miami /
Mar.March 30, 2022 10:30 AM

Alina Residences at 200 Southeast Mizner Boulevard in Boca Raton (Alina Residences, iStock)

UPDATED, March 31, 9:30 a.m.: The former owner of the Festival Flea Market bought a condo at Alina Residences in Boca Raton for $5.6 million.

Daniel Shooster and his wife, Leslee Shooster, bought a unit at the first completed phase of the Alina development at 200 Southeast Mizner Boulevard, just west of the Boca Raton Golf Club. The developer, El-Ad National Properties, sold the unit, according to records.

Alejandro Salazar and Rochelle LeCavalier of Douglas Elliman represented the seller.
Alex Platt of Compass represented the buyer. The price was $6.2 million, according to Realtor.com, which may include furniture.

The 4,836-square-foot condo has four bedrooms and five-and-a-half baths, the listing shows.

Boca Raton-based El-Ad National, the residential arm of New York-based Elad Group, completed the 121-unit first phase of Alina in June. The nine-story building has 102 units, 12 penthouses and seven villas.

El-Ad National, led by Noam Ziv, is starting construction in the coming days of the second phase, which will consist of two nine-story buildings with a combined 182 units. The developer launched sales in October for the second phase.

In July, El-Ad scored a $52.8 million construction loan for phase two. The entire project spans 9 acres.

In 2018, Shooster, a real estate investor, sold the Festival Flea Market in Pompano Beach. The buyer, North Miami-based IMC Equity Group, paid $25 million for the 382,000-square-foot property at 2900 West Sample Road, and $31 million for the business.





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