RK Centers Acquires Retail Property In Hallandale Beach For $14M

The retail property located at 1400-1484 East Hallandale Beach Boulevard in Hallandale Beach has been sold in a recent transaction. The property, owned by Elias M. Loew Florida Realty Trust, was purchased by RK Centers, represented by Raanan Katz. The sale took place on 08/11/2022 and the property was sold for a total of $14,000,000. The retail asset spans a total area of 104,000 square feet, resulting in a price per square foot of $135.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: $14,000,000
• Address: 1400-1484 East Hallandale Beach Boulevard
• Market: Hallandale Beach
• Buyer: RK Centers - Raanan Katz
• Seller: Elias M. Loew Florida Realty Trust
• Brokers: Steven Jeffrey Burns & Lilia Caballero - Compass

The transaction involved two key individuals representing the parties involved. Steven Jeffrey Burns and Lilia Caballero, both from Compass, served as the brokers facilitating the deal. With the completion of this sale, Raanan Katz and RK Centers have acquired a valuable retail property in Hallandale Beach, adding to their real estate portfolio.