Kenneth L. Stiles Of Stiles Corp Acquires Development Site In Plantation For $8.25M

A 4.88-acre multifamily development site located at 8201 & 8151 Peters Road in the Plantation market was sold for $8,250,000. The asset is situated within the Plantation Crossroads office park and is intended for a 384-unit apartment project that will feature a parking garage, aligning with the trend of converting surplus office parking into residential developments across South Florida.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $8,250,000
• Buyer: Kenneth L. Stiles - Stiles Corp
• Seller: Andrew Farkas - C-III Capital Partners
• Acres: 4.88

This transaction reflects the involvement of Kenneth L. Stiles, who represents Stiles Corp as the buyer, and Andrew Farkas, who represents C-III Capital Partners as the seller. The completion of this deal supports the construction of residential units, expanding the housing options within the region.