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Wilton Manors Shopping Center Sale Tops $10M

WILTON MANORS, FL-S&K Worldwide Realty sold the 73,349-sf center to Stiles Corp. for about $141.79 a sf. The 82%-leased center's tenants include neighborhood restaurants, shops and services. It is a long-term investment for Stiles.

By Melissa Bogdany | Updated on August 23, 2004

WILTON MANORS-A partnership of Fort Lauderdale-based Stiles Corp. purchased the Shoppes at Wilton Manors here for $10.4 million. The price equals approximately $141.79 per sf. The seller of the 73,349-sf retail center was S&K Worldwide Realty in Miami.

Shoppes at Wilton Manors is 82% leased. Among the tenants are neighborhood restaurants, shops and services. Mark Corlew, vice president of Stiles Investment Services Group, handled the acquisition of the property. Byron Calhoun of Stiles Realty Co. brokered the deal, with Dennis Bellehemeur of Re/Max the co-broker.

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