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Midtown Group Acquires 17.8-Acre Development Site In Plantation From Seritage Growth Properties For $28M

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SOLD
$28,000,000

Florida

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Development Site
Sold 12/10/2024
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Property Image
SOLD

Midtown Group Acquires 17.8-Acre Development Site In Plantation From Seritage Growth Properties For $28M

8000 West Broward Boulevard

See Similar Deals
Development Site
Sold 12/10/2024
the dealdetailscomps

Summary

FLORIDA
Asset Type:Development Site
Transaction Type:Sale

A 17.8-acre development site located at 8000 West Broward Boulevard in Plantation was sold for $28,000,000. The property, which was formerly the location of a Sears store, is currently in shell condition and partially demolished. This site is expected to undergo redevelopment as part of Midtown Group's ongoing mixed-use projects.

Summary of transaction details:

  • Property Type: Development Site
  • Transaction Amount: $28,000,000
  • Buyer: Jon Samuel - Midtown Group
  • Seller: Andrea Olshan - Seritage Growth Properties - Seritage SRC Finance
  • Market: Plantation
  • Acres: 17.8

Midtown Group, known for their developments in Midtown Miami, has acquired this site with plans for future mixed-use projects. The transaction was facilitated by Andrea Olshan, who is associated with Seritage Growth Properties and Seritage SRC Finance.

Details

SOLD
IMAGE: Andrea Olshan DATE: 12/10/2024 ADDRESS: 8000 West Broward Boulevard MARKET: Plantation ASSET TYPE: Development Site ~ ACRES: 17.8 BUYER: Jon Samuel - Midtown Group SELLER: Andrea Olshan (@Andrea.Olshan) - Seritage Growth Properties - Seritage SRC Finance SALE PRICE: $28,000,000 NOTE: Midtown Group, the developer behind Midtown Miami, paid $28 million for a 17.8-acre site at 8000 W. Broward Blvd. in Plantation, the former location of the shuttered Sears store. The property, which is partially demolished and in shell condition, will likely see redevelopment as part of Midtown Group's ongoing mixed-use projects.

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