The major South Florida neighbourhood centre Strada Coconut Creek is welcoming new tenants following its completed renovation.
MMG Equity Partners, in partnership with Mouhalis Capital Management, has announced the completion of its redevelopment of Strada Coconut Creek, a 7.11-acre neighbourhood centre located in Coconut Creek, part of the Fort Lauderdale metropolitan area. Acquired by the two firms in October 2022 for $7M, a $25M redevelopment program was then launched, aimed at modernising the site and enhancing its long-term value.
The newly constructed buildings include the following tenants: Sprouts Farmers Market (23,000sq ft), Sentry Self-Storage (125,000sq ft), Conviva Care Center (10,000sq ft) and Cali Coffee (1,500sq ft drive-thru). Atlantic Retail oversaw the leasing on behalf of both firms.
“This centre reflects our ongoing commitment to delivering high-quality retail environments, with a mix of uses that meet the evolving needs of today’s consumers,” said Marcos Puente, Principal of Acquisitions and Development at MMG Equity Partners. “We’re especially excited to welcome Sprouts and Cali Coffee – two brands that share our vision for community-driven retail. Their presence will help anchor a vibrant tenant mix that caters to both daily essentials and lifestyle-oriented offerings.”
