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Woolbright Development Sells Peppertree Plaza Shopping Center in Margate

IMC Equity Pays $45.5M, Secures $32M Loan for 250,000-SF Retail Asset
By Nigel Davidson
CoStar Research
January 22, 2019 | 6:17 P.M.

Woolbright Development Inc. of Boca Raton has sold the Peppertree Plaza shopping center at 5400-5596 W. Sample Rd. in Margate, Florida, for $45.5 million, or about $182 per square foot, to IMC Equity Group, a North Miami-based commercial property owner and investor.

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