Ross acquires Penn Dutch Plaza
Ross Realty, in a joint venture with SunCap Real Estate Investments, has acquired Penn Dutch Plaza, a 155,622 sf retail center located at the southwest quadrant of Sample Road and State Road 7 in Margate, FL. The neighborhood center is anchored by Penn Dutch Food Center (70,000 sf), YouFit Health Club, and Florida Career College.
Ross Realty will be handling the leasing and the property will be jointly managed by Ross and SunCap. The partnership is actively seeking additional South Florida centers in the $5,000,000 to $30,000,000 range.