Aimco Acquires Retail Property In Flagler Village, Fort Lauderdale For $64M

An investment firm, Aimco, has purchased a retail property in Flagler Village, Fort Lauderdale. The property, located at 901-927 North Federal Highway, spans approximately 5.6 acres. The sale was facilitated by Wes Powell, representing Aimco, and Raanan Katz, representing RK Centers.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $64,000,000
• Address: 901-927 North Federal Highway
• Market: Flagler Village, Fort Lauderdale
• Size: 155,760 square feet
• Price per Square Foot: $411

This transaction, completed on 06/07/2022, involved the acquisition of the retail property by Aimco. Wes Powell acted as the representative for Aimco, while Raanan Katz represented RK Centers. The sale price for the property was $64,000,000, and it spans a total of 155,760 square feet. The purchase price per square foot was $411. Wes Powell, representing Aimco, played a crucial role in securing this acquisition.