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Baptist Health scoops up Coconut Creek Kohl’s store for $54M
Baptist Health South Florida dropped $53.5 million on a Kohl’s department store in Coconut Creek. The retailer, led by CEO Michael Bender, sold the 92,700-square-foot stand-alone store at 6950 North State Road 7 for $577 per square foot. Kohl’s acquired the 8.2-acre property for $14.8 million in 2008, soon after the store was built. Last year, the company announced plans to shutter 27 stores in underperforming locations, though no additional closure announcements have been made since then. The store is still open, and plans for the site are being evaluated, a Baptist Health spokesperson told the South Florida Business Journal. […]