Oct
04
CBRE Arranges Sale of 54KSF Mixed-Use Asset in Florida
ByThe $5.4 million deal was arranged by a CBRE team specialized on the disposition of multi-tenant shopping centers in South Florida.
David Donnellan, SVP, CBRE
West Palm Beach, Fla.—CBRE recently arranged the sale of a mixed-use shopping center located in the West Palm Beach MSA, on behalf of the seller AMCO Properties. The 54,707-square-foot Woodbridge Plaza changed hands for $5.4 million and was acquired by an affiliate of Southern Management & Development. The asset includes a retail component and 16,182 square feet of office space.
Located at 6601 Forest Hill Blvd. in Greenacres, Fla., Woodbridge Plaza is home to Goodwill Industries, Precision Dance Conservatory, All Bird Clinic and South Florida Dentistry. The property also includes two outparcels currently leased to Walgreens and McDonald’s, which were not included in the sale…
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