Grover Corlew Inks New Leases in Turtle Run Shoppes
The real estate investment management group also announces refinancing of the popular retail center
Two new leases totaling nearly 10,000 sq. ft. have been signed in the Turtle Run Shoppes retail center in Coral Springs, Florida. Turtle Run Shoppes is anchored by Ross Dress for Less and shadow-anchored by Burlington and is located at the intersection of Sample Road and Turtle Creek Drive.
Grover Corlew, a South Florida-based real estate investment management group, has announced that La Brasa Rotisserie & Grill, with locations throughout Miami-Dade, Broward and Palm Beach counties, and MY SALON Suite, where health and beauty professionals perform one-to-one health and beauty services in a private and enclosed space, will open in Turtle Run Shoppes by late summer of 2021.
“Leasing 11% of a retail center during a pandemic along with the challenges facing retail even before that, is not an easy accomplishment,” said Grover Corlew Partner Anuj Grover, whose group focuses on acquiring, developing and operating office, retail and multi-family properties across the Southeast U.S. “These are two incredible tenants that we are happy to bring to Turtle Run.”
The Coral Springs location will be the 15th for the popular La Brasa Rotisserie & Grill, which will occupy 2,100 sq. ft. “In 2005, we opened our first La Brasa restaurant in Plantation,” said owner Tom Billante. “We wanted to share our secret recipe for preparing rotisserie chicken as well as other uniquely prepared traditional Latin dishes. Our family recipes have influences of Peruvian, Cuban and Tex-Mex cuisines. We are excited to bring those influences to Coral Springs.”
MY SALON Suite has leased 6,921 sq. ft. in Turtle Run Shoppes. MY SALON Suite allows independent health and beauty professionals to create their own customer experience in an enclosed, private, fully equipped upscale suite with a full-length style station, styling chair, shampoo sink and color station. “At MY SALON Suite, we’ve proven that we are able to operate safely without contributing to the spread of COVID-19,” said David Supple, co-owner. “The demand for high-end salon suites that offer privacy, safety, style, and comfort has never been greater. We couldn’t be more excited to help health and beauty professionals in the Coral Springs community build their own business and achieve their dreams.”
Forefront Commercial represented Turtle Run Shoppes in both transactions. Wenzel Investment Group represented La Brasa Rotisserie & Grill, located at 6221-6223 W. Sample Road, and The Shopping Center Group was the lead broker for MY SALON Suite, located at 6275-6283 W. Sample Road.
“The multi-million-dollar renovation of Turtle Run Shoppes that included new retail spaces and a new out parcel, a redesigned façade, extensive landscaping and five new monument signs continues to attract new tenants,” said Grover. “It’s an ideal location for retailers with proximity to the busy Sample Road-441 corridor and easy access for shoppers from Coral Springs, Margate, Pompano Beach and south Boca Raton.”
Grover Corlew also announced the refinancing of Turtle Run Shoppes for $9.1 million through City National Bank.
“We are pleased to provide Grover Corlew with the capital solutions to support the company’s long-term business objectives for Turtle Run Shoppes,” David Lukes, Senior Vice President, City National Bank. “The modernized retail complex is a strong company asset that also offers tremendous value to tenants.”
For more information on Grover Corlew, visit grovercorlew.com.