CBRE's Paul Ahmed Secures Loan On Fort Lauderdale Retail Property

Galleria Plaza is a 24,807-square-foot, multi-tenant retail center located at 2414 E Sunrise Blvd in Fort Lauderdale. The property was sold for $17.1 million, equating to approximately $700 per square foot. Tenants at Galleria Plaza include GEICO, Primo Fine Wines, and Downtown Bicycles.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $17.1 million
• Address: 2414 E Sunrise Blvd, Fort Lauderdale
• Market: Fort Lauderdale
• Borrower's Rep: Mackenzie Fry Lampman, Paul Ahmed (CBRE)
• Lender: Undisclosed life insurance company

David Donnellan and Patricia Friend of CBRE represented the seller, Sunrise Investment Properties LLC, managed by Stiles Corp, in the sale of Galleria Plaza. On the buyer's side, Paul Ahmed and Mackenzie Lampman of CBRE Capital Markets facilitated the acquisition financing for Shawnick Galleria LLC, an entity tied to a California-based private investor. Notably, the property is shadow-anchored by a Publix store that was not part of the sale.