RK Centers has purchased RK Sage Plaza (800 E. Hallandale Beach Blvd, Hallandale Beach, FL) and RK Sans Souci Plaza (2170 NE 123rd Street, North Miami, FL).

RK Sage Plaza

RK San Souci

RK Sage Plaza is located on the very busy Hallandale Beach Blvd., the main east/west corridor in the trade area, and it is anchored by Sage Bagel & Deli, which has been a landmark in the community for almost 40 years. The shopping center’s position within the market makes it an extremely attractive opportunity for retailers. The center’s proximity to RK Diplomat Shopping Center, RK Publix Plaza, and The Village at Gulfstream Park puts Sage Plaza at the epicenter of the retail market.  

RK Sans Souci Plaza is located on NE 123^rd Street, east of Biscayne Blvd. and west of Collins Avenue. NE 123^rd Street serves as the main causeway leading into Bal Harbour. The center is positioned approximately one mile east of RK Causeway Plaza, LA Fitness, and a new Whole Foods, which is expected to open 2013. 

After acquiring the property, RK Centers invested significantly in capital and tenant improvements including:

• -          Façade renovation
• -          Interior renovations to vacant spaces
• -          Exterior painting
• -          New landscaping
• -          Exterior lighting
• -          Signage

“RK Sage Plaza and RK Sans Souci Plaza are wonderful additions to the RK Centers’ portfolio” said Raanan Katz, founder and President of RK Centers. “These two properties, strategically located near existing RK assets, have superior visibility, access, and tenant mix. The improvements we have made, and will continue to make, will only enhance the shopping center and improve the operating performance of our retailers.” 

RK Centers

RK Centers (formerly known as R.K. Associates) is a privately held, family-owned real estate development company which currently owns over 6,000,000 square feet of commercial space. RK Centers became the new name of our company on January 1, 2012 to better capture what our company does best acquiring, developing and operating prime "open air" regional and community shopping centers in New England and South Florida. All of RK Centers' leasing and management is performed in-house by company staff. www.rkcenters.com.

Raanan Katz

Raanan Katz first arrived in the United States in his early twenties with a reputation as an excellent outside shooter on the Israeli National Basketball Team. After settling in Boston, Raanan purchased a small apartment building with the money he earned playing professional basketball. During the next several years, he amassed over 2,000 apartment units in the Greater Boston area. In 1980, Raanan began the switch from residential to commercial real estate, when he acquired three retail properties in the Greater Boston area and subsequently purchased a block of stores on Miami Beach.

Currently, Raanan Katz, through his company RK Centers, owns over 6,000,000 square feet of commercial space in New England and South Florida. Raanan continues to apply his conservative real estate principles by operating with a minimal amount of debt, enabling him to sustain periodic declines in the real estate market; while continuously investing in improvements to his properties. Raanan's pride in maintaining top quality shopping centers is evidenced by his personal "signature" emblazoned on each building with the initials "RK" alongside the distinct company basketball logo. Raanan's unyielding passion for NBA basketball was finally fulfilled when he became an original partner of the Miami Heat expansion franchise in 1986. Raanan's tireless commitment to the development of the City of Sunny Isles Beach, Florida recently has been recognized by the City in its renaming 170th Street in Sunny Isles Beach as "Raanan Katz Boulevard". Raanan was further honored with the dedication of the Phyllis and Raanan Katz Sports Center, located behind RK Village Plaza (18200 Collins Avenue), where Raanan remains a fixture on weekend afternoons taking on all basketball challengers with his still potent outside shot. www.raanankatz.com

Leasing Contact - Andrew Zidar - 305-949-4110 - Leasing@rkcenters.com