Broward Plaza Retail Center In Davie Sells For $12.8 Million

Broward Plaza, a 74,300 SF retail center in Davie, FL, which includes a Miami Grill outparcel, has sold for $12.8 million. El-Ad Broward Plaza LLC, an entity of El-Ad National Properties, acquired the 8.18-acre site from Saber Griffin Two, LLC. The transaction was overseen by Adam Tiktin of Tiktin Real Estate Investment Services (TREIS), who represented both the buyer and the seller. The closing took place June 25th and was financed with a $9 million loan provided by Ladder Capital.

Broward Plaza is located at 4803-4963 S. State Rd. 7 in Davie. The retail center is anchored by BrandsMartUSA, Dollar General, and Big Chef. The property had a total of 17 tenants and was 96% occupied at the time of sale. The buildings were constructed in 1975. The Miami Grill was renovated in 2017.

Broward Plaza is located on the southwest corner of South State Road 7 and Griffin Road. The property has excellent visibility with traffic counts in excess of 55,000 vehicles per day along South State Road 7 and over 30,000 vehicles per day along Griffin Road.

NBA Star Charlie Villanueva Sells Davie Estate For $2.25 Million

NBA star Charlie Villanueva has sold his home in Davie. The home was listed by Mario Stocco and Marc Brandt of Douglas Elliman Real Estate, has sold to a foreign buyer for $2.25M. Villanueva started his NBA career with the Toronto Raptors in 2005 at the age of 20 before later playin for the Milwaukee Bucks, Detroit Pistons and ending his career with the Dallas Mavericks where he scored a season high 26 points in a loss to the Los Angeles Clippers in 2015.

The home, which is located at 11091 Northstar St., Davie and was completed in 2016, is spread over 7,648 SF and offers 6 bedrooms and 7 bathrooms. The home also features a home office, theater room, elevator, billiard room, sauna, full home generator and security systems. The resort style outdoors is spread over the 35,000 SF lot and features a summer kitchen, pool, spa and water slides.