Washington Prime sells Coral Springs shopping center for $61M

Washington Prime Group sold a Coral Springs shopping center for $60.5 million to a joint venture led by Carlyle Management Group. Two affiliates of Boca Raton-based Carlyle Management, led by Charles Rosner, and an entity managed by Edward Rutkovsky in Boca Raton bought Royal Eagle Plaza at 9100-9190 Wiles Road, records and real estate database Vizzda show. The buyer partially financed the purchase with a $40 million Wells Fargo loan.  The Carlyle affiliates own 66 percent, and Rutkovsky’s entity owns 34 percent of Royal Eagle Plaza, the deed shows. The deal breaks down to $285 a square foot for the […]This article originally appeared on The Real Deal. Click here to read the full story.