S2 Development buys Township Plaza in Coconut Creek

by The Real Deal

S2 Development bought the Township Plaza in Coconut Creek for $10.1 million.

The Aventura-based real estate firm bought the 66, 266-square-foot retail and office property at 4400 West Sample Road for $152 per square foot, records show. The seller was Township Shoppers LLC, which is managed by Roy Mussaffi and Simha Rabi.

Township Plaza was 89 percent occupied at the time of the sale. Tenants include Winn Dixie and Minto Home Communities. The property sits on 9.1 acres, one mile east of US 441/SR 7.

CBRE’s Miami-based Todd Weintraub represented the seller. The property last sold in 2011 for $5.8 million, records show.

S2 Development co-developed Muse Residences in Sunny Isles Beach along with Property Markets Group. The 49-story luxury tower at 17141 Collins Avenue started closings last year.