At 272,914 sf, the class A community shopping center sold for about $190.53 per sf. The plaza is about 98% occupied. Anchor tenants include Albertson's, Toys 'R' Us, LA Fitness and Office Max.
The one-story, L-shaped building accommodates four anchor tenants and five outparcels, and was built in 1989. It features mission-style architecture, including barrel tile roofs, fountains and bell towers.
Gumberg Property Investors Inc. of Fort Lauderdale sourced the transaction. The company also will manage and lease the property.
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