Balogh Family Partnership sold a retail property in Hallandale Beach to Flanigan’s, a South Florida restaurant chain of the same name known for grilled ribs, seafood and drinks.
In Fort Lauderdale Flanigan Enterprises The company purchased a small strip center and two outlots at 615, 701, 707 and 715 Beach Drive in East Hallandale for $8.5 million, according to records.
Balogh, led by Robert and Cara Balogh, bought the nearly half-acre property in 2012 for $355,200, records show.
Current tenants in the Outfield and Strip Center are Firehouse Subs, Verizon, and Organic Daisy Hair Salon. The property is adjacent to Flanigan’s restaurant and Big Daddy’s Wine & Liquor store, a spirits retail chain also owned by the same company.
Flanigan’s Flanigan chief executive James Flanigan said expanding the restaurant and liquor store into the recently acquired mall was considered but that plan is now on hold real deal“The kitchen needed to be expanded, but it wasn’t well laid out in that new space,” he said. “We will keep the existing tenants.”
robert and cara balog Brother and sister-in-law of the late David Balogh, founder of South Florida jewelry company Balogh Jewelers, which closed in 1999. The couple has been actively promoting and trading South Florida commercial real estate lately.
Last year, the Baloghs and their partner Orli Teitelbaum purchased The Crossroads, a 34,901-square-foot retail building in South Miami, $18.5 millionAlso last year, the three partners sold Bayside Office Center, a 12-story loft-style office building in downtown Miami, to RFR, a New York real estate firm led by Aby Rosen. RFR paid $25 million.
Hallandale Beach retail ready for redevelopment.Manuel Grosskopf’s Château Group sold a shopping plaza at 600 East Hallandale Beach Boulevard last year $58 millionThe Hallandale Beach-based developer had planned to demolish the retail center to make way for a mixed-use project. Buyer Pacific Star Capital has not disclosed what it intends to do with the property.
In 2021, Miami-based 13th Floor Investments paid nearly $18.5 million 15.5 acre bowling alley at Hallandale Beach. The company intends to redevelop the site, but has not announced specific plans.
