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CBRE Arranges Sale of Florida Shopping Center for $3.5 Million

by Nate Hunter

Sunrise, Fla. – The property is 81 percent leased.

Sunrise, Fla. – CBRE has arranged the sale of Pine Island Plaza, a 33,687-square-foot unanchored shopping center in Sunrise, Fla., for $3.5 million. The seller was Pebb Enterprises Pine Island Ltd. and the buyer was Pine Island Shoppes LLC. The development is 81 percent leased. It is located in western-central Broward County. Tenants include the restaurant Lobster House and governmental tenant the Department of Children and Families.

 — Scott Reid



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