CRC Sells Cypress Run Marketplace in Coral Springs, Florida for $23.3 Million

Coral Springs, Fla. — Continental Realty Corp. (CRC) has sold Cypress Run Marketplace, an 87,000-square foot retail center located in Coral Springs, for $23.3 million. The Q.V.H. Corp. acquired the property, which was constructed in 1989 and was fully leased at the time of sale. Walmart Neighborhood Market anchors the center, and Popeye’s Louisiana Kitchen recently signed a 15-year lease at the property. CRC originally acquired Cypress Run Marketplace in 2015 for $13.6 million and executed more than 17,000 square feet of leases during its ownership. Dennis Carson, Sriram Rajan and Casey Rosen of CBRE represented CRC in the transaction.