CBRE Arranges Sale, Acquisition Financing for Arena Shoppes in Metro Miami

North Lauderdale, Fla. — CBRE has arranged the $31 million sale of Arena Shoppes, a 130,558-square-foot retail center located roughly 33 miles outside Miami in North Lauderdale. Dennis Carson, Casey Rosen, David Donnellan and Patricia Friend of CBRE represented the undisclosed seller in the transaction. Paul Ahmed and Mackenzie Lampman, also of CBRE, secured $20.7 million in acquisition financing on behalf of the buyers, Arena Shoppes NL LLC and Lyons Plaza CC LLC. The 10-year, fixed-rate loan was secured through a regional bank. Located at 7296 W. McNab Road, the property was fully leased at the time of sale to 20 tenants, including off-price apparel, fitness, restaurant, beauty services, service and medical users.