The Promenade Shoppes in North Lauderdale sold for $13.58 million.
Arena North Lauderdale Shoppes LLC sold the 39,650-square-foot retail plaza at 7910 W. McNab Road to Zeniz Properties, managed by Roberto Alberro in Miami. Seacoast National Bank provided a $4.7 million mortgage to the buyer.
Franklin Street’s Adam J. Tiktin and Greg Matus represented the seller in the deal, which equated to $342 per square foot. They said the property sold for $395,000 over the initial list price.
Built on the 4.46-acre site in 2018, the Promenade Shoppes sold for the first time. It is fully leased. Recent tenants include SunSouth Health Center, T-Mobile, Cricket Wireless and Sarku Japan.
The deal is among many that show investors are confident in the Broward County retail market as the population grows and business improves.
