CORAL LANDINGS

The first mortgage was acquired on Coral Landings II in April 2009. The Publix and Baptist Health Urgent Care Center anchors are located in a suburb of Fort Lauderdale. Built in 2008, the shopping center is comprised of 3 buildings totaling 102,786 square feet. A deed-in-lieu of foreclosure was negotiated with the borrower immediately after closing. The property was then quickly leased up and stabilized. Additionally, a vacant outparcel was ground leased to Chase Bank and sold. The remaining property, including the Publix and Baptist Health anchors, was then sold in December 2012.

Address
6270 West Sample Road Coral Springs, FL
Property Type
Anchored Retail
Year Built
2008
Square Footage
102,786 sqft.
Anchors
Publix, Baptist Urgent Care
Acquisition Date
April 2009
Disposition Date
December 2012

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