Coral Landings

The first mortgage was acquired on Coral Landings II in April 2009. The Publix and Baptist Health Urgent Care Center anchors are located in a suburb of Fort Lauderdale. Built in 2008, the shopping center is comprised of 3 buildings totaling 102,786 square feet. A deed-in-lieu of foreclosure was negotiated with the borrower immediately after closing. The property was then quickly leased up and stabilized. Additionally, a vacant outparcel was ground leased to Chase Bank and sold. The remaining property, including the Publix and Baptist Health anchors, was then sold in December 2012.