The Shopping Center Group Arranges $21.2 Million Partial Sale of Retail Center in Fort Lauderdale

by Alex Tostado

Fort Lauderdale, Fla. — The Shopping Center Group (TSCG) has arranged the partial sale of Crossroads Square in Fort Lauderdale, Florida for $21.2 million.

The transaction included 81,500 square feet of the 222,540-square-foot center. An affiliate of Boston-based Longpoint Realty Partners bought a portion that spans three outparcels and three buildings with tenants including Party City, Goodwill and several dining and service options. Lowe’s Home Improvement, CubeSmart, Chevron, Red Lobster and Taco Bell were not included in the transaction. Crossroads Square was 99 percent leased at the time of the sale. Anthony Blanco of TSCG led the team that represented the seller, an affiliate of Regency Centers, in the transaction.

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