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Charles Rosner And Edward Rutkovsky Acquire Royal Eagle Plaza In Coral Springs For $60.5M

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SOLD
$60,500,000

Florida

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Retail211,664 SF
Sold 11/04/2025
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SOLD

Charles Rosner And Edward Rutkovsky Acquire Royal Eagle Plaza In Coral Springs For $60.5M

9190 Wiles Road

See Similar Deals
Retail211,664 SF
Sold 11/04/2025
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Summary

FLORIDA
Asset Type:Retail
Price Per Square Foot:$285
Total Square Footage:211,664 SF
Transaction Type:Sale

The retail property, located at 9100, 9180, 9184 & 9190 Wiles Road in Coral Springs, consists of 211,664 square feet on 11.7 acres. The sale price was set at $60,500,000, translating to a price per square foot of $286. The property is fully leased and anchored by tenants such as Hobby Lobby, Petco, and Aldi.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $60,500,000
  • Buyer: Charles Rosner - Carlyle Management Corp (151 County Road Realty & CED Realty); Edward Rutkovsky - Lisa Eagle LLC
  • Seller: Christopher Conlon - Washington Prime Group
  • Lender: Wells Fargo
  • Mortgage Amount: $40,000,000
  • Square Footage: 211,664
  • Price per Square Foot: $286
  • Market: Coral Springs

Charles Rosner represented Carlyle Management Corp, which includes 151 County Road Realty and CED Realty, while Edward Rutkovsky represented Lisa Eagle LLC in this transaction. The seller, Christopher Conlon, was part of Washington Prime Group during the sale.

Players

Christopher Conlon
10 deals$591.2M volume
SELLER

Wells Fargo
LENDER

Details

SOLD
IMAGE: Christopher Conlon & Edward Rutkovsky DATE: 11/04/2025 ADDRESS: 9100, 9180, 9184 & 9190 Wiles Road MARKET: Coral Springs ASSET TYPE: Retail ~ ACRES: 11.7 BUYER: Charles Rosner - Carlyle Management Corp (151 County Road Realty & CED Realty); Edward Rutkovsky - Lisa Eagle LLC SELLER: Christopher Conlon - Washington Prime Group (@WPGSocial) LENDER: Wells Fargo (@WellsFargo) SALE PRICE: $60,500,000 SF: 211,664 ~ PPSF: $286 NOTE: Washington Prime Group sold the 211,664-square-foot Royal Eagle Plaza in Coral Springs for $60.5M to 151 County Road Realty, CED Realty, and Lisa Eagle LLC. Wells Fargo financed the purchase with a $40M mortgage for the fully leased retail center anchored by Hobby Lobby, Petco, and Aldi.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$3,226,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$214,943.72
Cash-on-Cash Return-1.27%
Monthly Debt Service$286,800.87
Annual Debt Service$3,441,610.39