BH Group, PEBB Enterprises & Related Group Acquire Fort Lauderdale Shopping Center For $48.5M

The waterfront mixed-use shopping center located at 1515 Southeast 17th Street in Fort Lauderdale has been acquired for $48.5 million. The property spans across 7 acres and includes a shopping center, marina, and a two-story office building. The buyers, including Isaac Toledano from BH Group, Eric Hochman from PEBB Enterprises, and Jorge M. Pérez & Jon Paul Pérez from Related Group, plan to develop 361 residential units along with 12,000 square feet designated for retail and restaurants.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $48,500,000
• Address: 1515 Southeast 17th Street
• Market: Fort Lauderdale
• Asset Type: Retail
• Acres: 7
• SF: 73,000
• Price per SF: $664

The lender in this transaction is Amerant Bank. The agreement was finalized between the buyers represented by Isaac Toledano from BH Group, Eric Hochman from PEBB Enterprises, and Jorge M. Pérez & Jon Paul Pérez from Related Group. The acquisition aims to transform the property into a mixed-use development.