|Address:||6270 West Sample Road|
|City, State:||Coral Springs, Florida|
|Property Type:||Anchored Retail|
|Square Footage:||102,786 sqft|
|Anchors:||Publix and Baptist Urgent Care|
|Acquisition Date:||April 2009|
|Disposition Date:||December 2012|
The first mortgage was acquired on Coral Landings II in April 2009. The Publix and Baptist Health Urgent Care Center anchors are located in a suburb of Fort Lauderdale. Built in 2008, the shopping center is comprised of 3 buildings totaling 102,786 square feet. A deed-in-lieu of foreclosure was negotiated with the borrower immediately after closing. The property was then quickly leased up and stabilized. Additionally, a vacant outparcel was ground leased to Chase Bank and sold. The remaining property, including the Publix and Baptist Health anchors, was then sold in December 2012.