Raanan Katz’s RK Centers Spends $12M On Plantation Best Buy

Raanan Katz’s actual property firm RK Facilities paid $11.5 million for a Finest Purchase-leased constructing in Plantation.

RK purchased the 58,000-square-foot constructing at 12301 West Dawn Boulevard, in line with data. The constructing was inbuilt 1995. The value equates to $198 per sq. foot.

Roberto Susi of Axiom Capital Advisors instructed The Actual Deal that he represented the client and vendor within the off-market deal.

The sellers had been corporations affiliated with actual property traders from Beverly Hills, California. The deed was signed by Michael B. Kaplan, whose household operates ARKA Properties Group; Zachary Zalben, who describes himself on LinkedIn as CEO of Black Equities Group, the corporate his grandfather Stanley Black based; and Robert Barth, Stanley Black’s enterprise associate of 30-plus years till Black sued Barth in 2019 alleging an $8 million fraud.

The deal follows RK Facilities’ $20.4 million purchase in September of a four.2-acre property leased to Finest Purchase at 10760 Northwest 17th Avenue in Sweetwater.

Katz started shopping for business actual property in South Florida within the 1970s. In 1986, he turned a associate within the Miami Warmth growth and has been a restricted associate since 1988, in line with his web site.

RK Facilities owns and manages over 9 million sq. toes of business retail house in regional and neighborhood procuring facilities in New England and South Florida, in line with the discharge.

Different current retail market offers in Broward County embody a bunch of native traders promoting a part of a Margate procuring heart anchored by a former Penn Dutch meals heart for $11.9 million, and Rosemurgy Properties promoting a Pompano Seaside procuring heart for $10.1 million.