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SUNRISE RETAIL CENTER SOLD FOR $3.5 MILLION

SUNRISE RETAIL CENTER SOLD FOR $3.5 MILLION

Sunrise, FL – June 15, 2012 – Local private investment group, Waterstone Capital LLC, purchased Springtree Center, a 46,760-square-foot retail center in Sunrise, Florida, for $3,475,000 or $74.36 per square foot. CBRE Vice President William Strauss marketed the asset for sale and negotiated the transaction on behalf of the seller, Springtree LLC.