Greenberg Gibbons Acquires 214,789-Square-Foot Power Center in Florida for $23.6 Million

Sanford, Fla. — Greenberg Gibbons has acquired Gateway Plaza, a 214,789-square-foot power center located in Sanford, for $23.6 million. Floor & Décor, Ashley Furniture, Bed Bath & Beyond, Dollar Tree and Michaels anchor the center. The property was purchased through the company’s Greenberg Gibbons Real Estate Income Fund, which launched in March 2021 with a focus on the acquisition of shopping centers throughout the East Coast, Southeast and Midwest. This is the fund’s fourth acquisition and the company’s first property in Florida. The seller in the transaction was undisclosed.