Smaller Deals Mark Fort Lauderdale Retail

MIAMI—Marcus & Millichap is reporting more small retail deals in Fort Lauderdale. The latest example is Plaza Del Mar, a 32,079-square-foot shopping center in Fort Lauderdale, FL. The commercial real estate firm just listed it at $14.8 million for the seller.

“Plaza Del Mar is ideally located along US Route 1 in Fort Lauderdale,” says Douglas K. Mandel, a first vice president investments in M&M’s Fort Lauderdale office, who is representing the seller. “This offering is an excellent opportunity for an investor to acquire a top-quality asset in a high-barrier-to-entry market.”