GFO Investments And Partners Acquire Galleria Mall In Fort Lauderdale From Holding Corporation
2414 East Sunrise Boulevard
Building Size
800,000 SF
Asset Type
Retail
Closing
Sep 19, 2025
About this deal
AI
The property involved in the transaction is located at 2414 East Sunrise Boulevard in Fort Lauderdale. It encompasses a total of 800,000 square feet and sits on 31.6 acres, categorized as retail space.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Buyer: Russell Galbut - GFO Investments
- Buyer: Ben Shmul - InSite Group
- Buyer: Sandeep Mathrani - Atlas Hill Real Estate
- Buyer: Seth Fisher - Prime Finance
- Buyer: John Atwater - Prime Finance
- Seller: William O'Connor - Holding Corporation
- Brokers: Robert Given - CBRE
- Brokers: Brad Capas - CBRE
- Brokers: Casey Rosen - CBRE
GFO Investments, InSite Group, Atlas Hill Real Estate, and Prime Finance acquired the Galleria Mall, which was originally developed in the 1980s. The group plans to redevelop the property into a community-focused retail and lifestyle destination, with the seller represented in the transaction by CBRE’s Robert Given, Brad Capas, and Casey Rosen.
On the Map
Retail
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Players
Fort Lauderdale Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93