Stiles Corp. And FCA Partners Acquire Retail Asset In Wilton Manors For $27.63M With Synovus Bank Loan

The property involved in this transaction is a retail asset located at 2262 Wilton Drive in Wilton Manors. The sale price of the property was $27,630,000. The total square footage of the asset is 78,600, with a price per square foot calculated at $352. The total area of the property spans 5.4 acres.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $27,630,000
• Address: 2262 Wilton Drive
• Market: Wilton Manors
• Asset Size: 5.4 acres
• Square Footage: 78,600
• Price Per Square Foot: $352
• Buyer: Kenneth Stiles & Ben Boies - Stiles Corp.; Albert P. Lindemann III - FCA Partners
• Seller: Justin Kennedy - Grass River Property; David Martin - Terra
• Brokers: Danny Finkle, Jorge Portela & Maurice Habif - JLL
• Lender: Synovus Bank

Stiles Corp., in collaboration with FCA Partners, acquired the Shoppes of Wilton Manors, and plans to undertake a major renovation commencing in 2025. The renovation will focus on updates to the facade, walkways, landscaping, and parking to enhance the property's positioning as a premier retail destination.