SMD Brokers $5.8 Million Sale of Lyons Plaza, Coconut Creek, Florida

COCONUT CREEK, Fla. - March 10, 2015 - PRLog -- BOCA RATON, Fla. – Steven Levin, president of Boca Raton-based Southern Management and Development (SMD) today announced that the firm represented seller Lyons Plaza Partners, Ltd. in the $5.8 million sale of Lyons Plaza in Coconut Creek, Fla.

Buyer of the 80,027-square-foot retail center at 1301 – 1509 Lyons Road was Lyons Plaza Coconut Creek I LLC.  The shopping center built in 1986 is anchored by Goodyear Tire, Humana Medical and Gold Coast Ballroom. The location at the northwest corner of the Coconut Creek Blvd. and Lyons Road intersection is in the heart of an established residential area and offers easy access to Florida’s Turnpike and Interstate-95.

A full-service realty and development firm, SMD focuses on adding value to properties in the multi-family, retail and office sectors throughout Tennessee and Florida.  Founded in 1972, the company owns and manages 1722 rental apartments, plus a 3.9 million-square-foot retail portfolio and 200,000 square feet of office space.  For information visit www.smdproperty.com.