The shopping center is anchored by Winn-Dixie. Other tenants include ABC Learning Center and the Broward County Library. At the time of the sale, the center was 87% occupied.
Cypress Run Marketplace was built in 1989, but the property owner and Winn-Dixie recently provided substantial property improvements. The shopping center was the seller's only asset in Florida; most of its properties are located in the St. Louis area.
"It is a long term hold for the buyer," William R. Strauss, a broker involved in the transaction, tells GlobeSt.com. "The property is well-located and in overall good physical condition. The only remaining issue is to lease up the few current vacancies."
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