{"id":1004269499,"date":"2018-10-04T09:20:21","date_gmt":"2018-10-04T17:20:21","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004269499"},"modified":"2022-12-08T16:01:27","modified_gmt":"2022-12-09T00:01:27","slug":"fort-lauderdale-strip-center-changes-hands","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/fort-lauderdale-strip-center-changes-hands\/","title":{"rendered":"Fort Lauderdale Strip Center Changes Hands"},"content":{"rendered":"<p>By Laura Calugar<\/p>\n<div id=\"attachment_1004269502\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/10\/midland-plaza-2.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004269502\" data-attachment-id=\"1004269502\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/fort-lauderdale-strip-center-changes-hands\/midland-plaza-2\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/10\/midland-plaza-2.jpg\" data-orig-size=\"934,700\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;Laura Calugar&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1538655246&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"midland plaza 2\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/10\/midland-plaza-2.jpg?w=934\" class=\"wp-image-1004269502 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/10\/midland-plaza-2.jpg\" alt=\"Midland Plaza\" width=\"300\" height=\"225\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/10\/midland-plaza-2.jpg 934w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/10\/midland-plaza-2.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/10\/midland-plaza-2.jpg?resize=768,576 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004269502\" class=\"wp-caption-text\">Midland Plaza<\/p><\/div>\n<p>Berger Commercial Realty\/CORFAC International has facilitated the $1.2 million sale of Midland Plaza in Fort Lauderdale, Fla., on behalf of buyer Adnan Enterprises LLC. Horn Land TR #1 was the seller of the 8,800-square-foot retail strip center.<\/p>\n<p>Located at 201-203 S.W. 27th Ave., the 1968-built asset is directly across from the new Riverbend Marketplace, a 310,000-square-foot shopping center anchored by the city\u2019s first-ever Walmart Supercenter. Midland Plaza is easily accessible from Interstate 95.<\/p>\n<p><em>\u201cAt 100 percent occupancy, Midland Plaza was a great investment opportunity for the buyer. With most of the tenants paying below market rent, there is plenty of upside. This, coupled with all of the new development activity in the area, made Midland Plaza a great opportunity for the new investors,\u201d<\/em> said Berger Commercial Realty\/CORFAC International Senior Sales Associate Jonathan Thiel, in prepared remarks.<\/p>\n<p>Thiel worked with Sales Associate Lawrence Oxenberg in arranging the transaction. At the beginning of the year, Thiel was also involved in a <a href=\"https:\/\/www.commercialsearch.com\/news\/cadogan-tate-expands-south-florida-footprint\/\">leasing deal at Miami\u2019s Plantation Technology Park<\/a>.<\/p>\n<p><em>Image via Google Street View <\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Midland Plaza, an 8,800-square-foot retail asset in South Florida, sold for $1.2 million. Berger Commercial Realty\/CORFAC International represented the buyer in the transaction. <\/p>\n","protected":false},"author":238,"featured_media":1004269502,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21783,1492,21742,21749],"tags":[42329,38785,42326,42332],"class_list":["post-1004269499","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-investment","category-miami","category-latest","category-retail","tag-adnan-enterprises-llc","tag-berger-commercial-realty","tag-corfac-international","tag-horn-land-tr-1"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Fort Lauderdale Strip Center Changes Hands - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/fort-lauderdale-strip-center-changes-hands\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Fort Lauderdale Strip Center Changes Hands\" \/>\n<meta property=\"og:description\" content=\"Midland Plaza, an 8,800-square-foot retail asset in South Florida, sold for $1.2 million. Berger Commercial Realty\/CORFAC International represented the buyer in the transaction.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/fort-lauderdale-strip-center-changes-hands\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2018-10-04T17:20:21+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T00:01:27+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/10\/midland-plaza-2.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"934\" \/>\n\t<meta property=\"og:image:height\" content=\"700\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Laura Valean\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/fort-lauderdale-strip-center-changes-hands\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/fort-lauderdale-strip-center-changes-hands\/\",\"name\":\"Fort Lauderdale Strip Center Changes Hands - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/fort-lauderdale-strip-center-changes-hands\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/fort-lauderdale-strip-center-changes-hands\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/10\/midland-plaza-2.jpg\",\"datePublished\":\"2018-10-04T17:20:21+00:00\",\"dateModified\":\"2022-12-09T00:01:27+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/2f8b737fce677cc406c08a2c29c1ff38\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/fort-lauderdale-strip-center-changes-hands\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/fort-lauderdale-strip-center-changes-hands\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/fort-lauderdale-strip-center-changes-hands\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/10\/midland-plaza-2.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/10\/midland-plaza-2.jpg\",\"width\":934,\"height\":700},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/fort-lauderdale-strip-center-changes-hands\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Fort Lauderdale Strip Center Changes Hands\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/2f8b737fce677cc406c08a2c29c1ff38\",\"name\":\"Laura Valean\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/04\/Laura-Calugar.jpg?w=96\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/04\/Laura-Calugar.jpg?w=96\",\"caption\":\"Laura Valean\"},\"description\":\"Laura Valean is an Executive Editor with Commercial Property Executive and Multi-Housing News. 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