Adam Lustig Closes $15.7 Million Shopping Center Deal near Sawgrass Mills

Press Release
August 14, 2012

Bilzin Sumberg Real Estate Practice Group Partner has closed the purchase of Plantation Crossings, an approximately 70,000 square foot shopping center complex at the southeast corner of Flamingo Road and Sunrise Boulevard in Plantation, Fla.

Bilzin Sumberg represented Plantation Crossings LLC, an entity controlled by Beth Azor, connection with the purchase of the shopping center from SCPlantation CB, L.P. and SCPlantation LV, L.P. The purchase price was $15.7 million and the buyer assumed the existing securitized loan of approximately $11 million. The loan servicer was Wells Fargo Bank.

According to Mr. Lustig, the biggest challenge of the deal was the loan assumption process, which took approximately five months to complete.

“Retail leasing and sales activity is picking up once again,” said Mr. Lustig. “Tenants are expanding and looking for new space as the economy continues to stabilize. This rings true particularly in South Florida, where foreign investment and residential growth is spurring retail development.”

The fully leased property’s anchor tenants include Comp USA, Michael’s and Pier 1 Imports.

About Bilzin Sumberg 
Bilzin Sumberg Baena Price & Axelrod LLP is a commercial law firm with extensive experience in the areas of commercial finance, corporate and securities, environmental law, land use and government relations, litigation, real estate, restructuring and bankruptcy, tax and wealth transfer. For more information, please visit

Adam D. Lustig
Practice Group Leader, Real Estate
Blog March 25, 2022
A new rule passed unanimously by the Miami-Dade Board of County Commissioners stipulates that effective March 25 landlords in the county must provide certain residential tenants with at least 60 days’ written notice before terminating a tenancy or imposing a rent increase of 5 percent or more....
Speaking Engagement August 29, 2018
Adam Lustig moderates a discussion on exclusive and prohibited uses in retail leases at the 2018 ICSC Florida Conference.This event brings together owners, developers, retailers, brokers, lenders, and others for networking and learning the latest about the retail real estate industry.
Publication June 27, 2018
Martin Schwartz co-authors an article in the most recent issue of The Florida Bar Journal which gives insightful considerations for property owners and lessors regarding ROFRs and ROFOs.