Encore Capital Management Acquires Development Site In Pompano Beach For $10.6M

An undeveloped site located at 3251 N Federal Hwy in Pompano Beach has been sold for $10,600,000. The property, with a total area of 270,072 square feet, was purchased by Encore Capital Management from seller Greg Berkowitz. The transaction was facilitated by brokers Don Ginsburg and Michael Lewin of Katalyst Real Estate.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $10,600,000
• Address: 3251 N Federal Hwy, Pompano Beach
• Market: Pompano Beach
• Buyer: Encore Capital Management
• Seller: Greg Berkowitz
• Brokers: Don Ginsburg & Michael Lewin - Katalyst Real Estate
• Square Footage: 270,072
• Price per square foot: $39
• Units: 285
• Price per unit: $37,193

Michael Lewin and Don Ginsburg from Katalyst Real Estate played a key role in representing the buyer and seller in this transaction. This sale marks an important development in the real estate market of Pompano Beach.