Premier Sells 74,000 sf Florida Mixed Use Center

Premier wishes to announce that it has successfully sold it’s Fort Lauderdale area mixed use retail and industrial center.  The four (4) building complex had a variety of tenants including a charter school, a gas station, an auto repair center, a restaurant, and a church.  The center, which Premier rebranded as Palm Plaza, was purchased in 2007 from General Electric and was financed by National Life of the Southwest.  The sale was handled by Douglas Mandel of Marcus and Millichap and the buyer was a German investment firm.  The center was 95% leased at the time of sale.