Stiles Sells The Gateway at Sawgrass for $16.1 Million

Sunrise, Fla. — Gateway at Sawgrass Investments purchased the property free and clear of existing debt.

Sunrise, Fla. — Stiles has sold The Gateway at Sawgrass, a 40,136-square-foot center in Sunrise, for $16.1 million. The buyer, Gateway at Sawgrass Investments LLC, purchased the property free and clear of existing debt. The property is located adjacent to Sawgrass International Corporate Park and less than three miles from Sawgrass Mills Mall. Built in 2008, the center includes tenants Starbucks, Chipotle, GameStop, Mattress Firm and Subway. The Gateway at Sawgrass is shadow-anchored by South Florida’s only IKEA.

Danny Finkle, Luis Castillo and Rob Saracco with HFF represented the seller in the transaction. Karen Reiter, Michael Matluck and Adam Freeman with ICS Realty, along with legal counsel Alex Sirulnik, represented the buyer.

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