Coral Springs, Fla. — Continental Realty Corp. has purchased Cypress Run Marketplace, an 85,000-square-foot retail center located in Coral Springs, for $13.6 million.
Continental Realty purchased the asset from Game Properties Inc. on behalf of Continental Realty Fund IV LP, a value-add retail and multifamily fund. Anchored by Walmart Neighborhood Market, the shopping center was 79 percent leased at the time of sale. Continental Realty has tapped Aileen Messinger of Katz & Associates to lease the center. Dave Donnellan and Dennis Carson of CBRE represented the seller in the transaction.