Coral Landings III Shopping Center in Coral Springs. {Google Maps}
By Kevin Deutsch
Coral Landings III, a grocery-anchored shopping center located in both Coral Springs and Margate, has been sold to a new owner for $37.4 million, according to the buyer.
The 171,299-square-foot property, located on the corner of West Sample Road and Northwest 62nd Avenue, was purchased by the Sterling Organization, a private equity real estate firm.
The shopping center is anchored by Aldi. Additional national retailers there include Starbucks, HomeGoods, Best Buy, Jo-Ann Fabric, Bonefish Mac’s Sports Grille, Tropical Smoothie Café, and Sally Beauty.
“We are pleased to add an asset of Coral Landings III’s quality to our portfolio,” said Jordan Fried, a principal of Sterling Organization. “Located in a strong South Florida market in close proximity to our West Palm Beach headquarters, we believe this property offers many value-add levers that our team will be able to execute on.”
According to property records, Coral Landings III was completed in 2009. The corporation that sold the shopping center to Sterling Organization, Coral Landings Property Corp., paid $33.7 million for the property in 2015, the records show.
Sterling Organization currently owns 72 properties in major markets throughout the United States, exceeding 11.8 million square feet and approaching $2.4 billion in value, according to the firm.
Send Your News to Coral Springs #1 Award-Winning News Site Here.
Author Profile
Related
EatSeptember 3, 2025TGI Fridays Closes After More Than Two Decades in Coral Springs
NewsSeptember 2, 2025Nordstrom Rack to Open in Coral Springs with Sept. 18 Celebration
EventsSeptember 1, 2025Chabad Jewish Center of Coral Springs Announces ‘Life-Changing’ Trip to Israel
Crime & SafetyAugust 27, 2025Husband of Coral Springs Woman Found Dead in Canal Arrested for Domestic Violence Incident
