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Michael Shapiro Handles a Significant Three-Property 1031 Tax Deferred Real Property Exchange

Senior Managing Partner Michael Shapiro recently represented Joge Investments, Inc. regarding a significant three-property 1031 tax deferred real property exchange. The client closed on the sale of the relinquished property, a 68,406 square foot shopping center in Tamarac known as Marketplace at Tamarac, for $10.55 million on June 27, 2014. The client then subsequently closed on the purchase of two replacement properties: a 72,385 square foot shopping center in Boca Raton known as Shoppes at Village Point, for $12.25 million on June 30, 2014; and a 30,027 square foot shopping center in unincorporated Palm Beach County known as Yamato Village Center, for $6.5 million on July 23, 2014. Mr. Shapiro also represented the Borrower in the refinancing of a shopping center in Orlando through BB&T for $8.9 million which closed on June 30, 2014. For more information about Mr. Shapiro, click here.


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Shapiro, Blasi, Wasserman & Hermann, P.A., with offices located in Boca Raton, Florida, has practice areas in Commercial Litigation, Labor and Employment, Construction Litigation, Chinese Drywall Litigation, Bankruptcy and Creditor's Rights, Real Estate Transactions, Real Estate Litigation, Business Transactions, Family Law, Wills, Trusts and Estates, and Appellate Matters. We represent clients throughout Florida and nationwide.

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