The Quay

Fort Lauderdale, FL

Property Characteristics

  • 73,000 sf retail center
  • Situated on 6.97 acres on the intracoastal waterway in Fort Lauderdale

Acquisition

  • April 2019

Investment Opportunity

  • Infill, waterfront location near Downtown Fort Lauderdale, within two blocks of the Broward County Convention Center and Port Everglades, one of the world’s busiest cruise ports
  • High traffic and low retail vacancy on the SE 17th Street corridor
  • Cash-flowing property with strong in-place NOI

Execution

  • Partnered with institutional JV partner to acquire property