Fort Lauderdale, FL - July 2, 2013 - (RealEstateRama) -- CBRE’s Private Capital Group arranged the sale of LA Fitness located at 1901 NW Federal Highway, in Stuart, Martin County, Florida. The buyer, Realty Income Corporation, purchased the property for $10,950,000 from Jensen Beach Investors, LLC. The property was developed by Pointe Development Company, a Miami-based real estate development, management and investment firm whose president is Alan Sakowitz. Pointe hired CBRE to market the asset for sale and negotiate the transaction
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