Coral Springs fever: Maven is latest investor to buy shopping center in Broward city
Retail investors are feverish for shopping centers in Coral Springs. Maven Real Estate is the latest buyer in a string of major retail trades in the northwest Broward County city. An affiliate of Coral Gables-based Maven, led by Marc Schwarzberg and Jose Ortega, paid $40.5 million for Atlantic Crossings, a 197,406-square-foot shopping center at 750 and 819 University Drive, records and real estate database Vizzda show. The 18.6-acre property is anchored by Whole Foods and Home Depot. Maven partially financed the purchase with a $22.3 million mortgage from Miami Lakes-based BankUnited. The deal breaks down to roughly $205 per square […]This article originally appeared on The Real Deal. Click here to read the full story.
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