Price revealed: Russell Galbut and partners paid $73M for Galleria Fort Lauderdale
Russell Galbut’s GFO Investments, InSite Group, Atlas Hill Real Estate and Prime Finance paid $73 million for Galleria Fort Lauderdale, representing a significant discount off the price the seller was aiming for. The four firms acquired the 800,000-square-foot indoor mall at 2414 East Sunrise Boulevard in Fort Lauderdale with plans to eventually redevelop the property. The joint venture paid roughly $91 a square foot for Galleria Fort Lauderdale. Fort Lauderdale-based InSite is led by Ben Shmuel and Ronald Tercer. Atlas Hill is led by Sandeep Mathrani and Prime Finance is led by John Atwater. The seller, Keystone-Florida Holding Corporation, led […]This article originally appeared on The Real Deal. Click here to read the full story.
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