Shopping Centers

Mall/strip center spaces

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Hahz Terry
Hahz Terry 2 months ago

Resolution: Resolves "Yes" if Kroger files an 8-K or issues a joint press release detailing the $1.65B transaction. Resolves "No" on Jan 1, 2027, if no such filing exists.

Hahz Terry
Hahz Terry 5 months ago

Story Highlights 

  • Nuveen acquired Coral Landings III retail center for $46.3 million.
  • Sterling Organization sold the property for $268 per square foot.
  • Broward County retail vacancy rate rose to 4.1% in first quarter.

Real estate giant Nuveen acquired the Coral Landings III retail center in both Margate and Coral Springs for $46.3 million.

SVAP III Coral Landings LLC, part of West Palm Beach-based Sterling Organization, sold 172,526 square feet of retail at 6166 to 6208 W. Sample Road, plus 3200 N.W. 62nd Ave. to NSRP I Coral Landings LLC, care of Nuveen Real Estate. Bank of America provided the buyer with a $52.2 million loan that also covered properties in other states. Property data firm Vizzda confirmed the parties in the deal.