MIAMI–The Gateway at Sawgrass, a 40,136-square-foot retail center in Sunrise, FL, has changed hands. Stiles sold the retail property to Gateway at Sawgrass Investments LLC for $16.1 million free and clear of existing debt.
HFF senior managing director Danny Finkle, director Luis Castillo, and senior real estate analyst Rob Saracco led the deal for Stiles. Karen Reiter, Michael Matluck, and Adam Freeman with ICS Realty and its legal counsel Alex D. Sirulnik Esq. represented the buyer.
“Gateway at Sawgrass benefits from an extremely high-traffic location fronting IKEA and is surrounded by strong demand drivers,” Castillo tells GlobeSt.com. “The quality of the property and its long-term potential made it a highly coveted investment opportunity.”
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