Florida mall switches hands in ‘like kind’ exchange

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Marcus & Millichap negotiated the sale of the 122,935-square-foot Plantation Crossings shopping center in Plantation, Fla.   The retail center commanded a sales price of $13.4 million.   Plantation Crossings is located at 12220 Sunrise Blvd. The center was constructed in 1999 on 7.27 acres.   The property was 100 percent occupied at the time of sale by a variety of boutique retail shops, restaurants and service providers, including CompUSA, Michaels and Pier 1 Imports.   An Oakland, Calif.-based investment partnership acquired the asset in a 1031 exchange with a southern California-based investment partnership.   Encino, Calif.-based Marcus & Millichap is a commercial real estate brokerage. *** Send a Letter to the Editor for publication.Send a comment or news tip to our newsroom.Please include the headline of the story. ...