Russell Galbut’s family office, partners buy Galleria Fort Lauderdale
Russell Galbut’s GFO Investments teamed up with InSite Group, Atlas Hill Real Estate and Prime Finance to buy Galleria Fort Lauderdale, sources told The Real Deal. The partnership closed on the 800,000-square-foot indoor mall at 2414 East Sunrise Boulevard, according to sources familiar with the transaction. The buyers plan on redeveloping Galleria Fort Lauderdale with detailed plans to be unveiled in the combining months, a press release states. Galbut called the property “an incredible site” that’s two blocks from the ocean. “A transaction like this comes about once in a lifetime,” he told TRD. “We’re going to reinvent the mall and […]This article originally appeared on The Real Deal. Click here to read the full story.
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