William Huffman Of Nuveen Acquires Coral Landings III Retail Center For $46.3 Million

The retail property located at 3200, 3480 Northwest 62nd Avenue & 6166-6208 West Sample Road in Coral Springs encompasses 23.2 acres and has a total area of 172,526 square feet. The asset was sold for $46,300,000, which translates to a price per square foot of $268. It features notable tenants such as Aldi and HomeGoods, indicating a strong presence in the retail sector.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $46,300,000
• Buyer: William Huffman - Nuveen
• Seller: Brian Kosoy - Sterling Organization
• Lender: Bank of America
• Market: Coral Springs
• Acres: 23.2
• Square Feet: 172,526
• Price per Square Foot: $268

William Huffman represented Nuveen in the acquisition of the retail center from Brian Kosoy, who represented Sterling Organization in this transaction. The financing for the deal was provided by Bank of America, reflecting continued investor interest in suburban retail assets in South Florida.