Particle.news

Download on the App Store

Galbut and Mathrani Lead Joint Venture to Buy Fort Lauderdale’s Galleria Mall

Buyers outline a turnaround led by Mathrani on retail with GFO and InSite steering redevelopment.

Overview

  • The joint venture comprises GFO Investments, InSite Group, Atlas Hill Real Estate and Prime Finance.
  • GFO and InSite will oversee redevelopment, with Mathrani’s Atlas Hill directing the retail strategy.
  • The 1980s-era complex spans roughly 800,000 square feet across 32 acres near East Sunrise Boulevard.
  • Macy’s remains an anchor while Dillard’s is separately owned and excluded from the deal.
  • No price or budget was disclosed; CBRE represented longtime owner Keystone-Florida, which saw occupancy slide to about 67% after luxury departures.