7118-7186 N. University
Tamarac, FL 33321


We acquired the Jewelry Exchange Shopping Center on January 18, 2001. The Center is situated on University Drive, the pre-eminent commercial retail arterial in Broward Country. It's shadow-anchored by Albertson's supermarket, which recently completed a four million dollar renovation, and is just two blocks from a new Super Target store. The market has excellent demographics with dynamic growth.

Renovation Program

We substantially completed a major renovation of the Shopping Center in July 2003. Elements of the renovation include: a new facade, new individual channel letter tenant signs, installation of new irrigation system, replacement of existing landscaping throughout and the replacement of the existing lighting with metal halide, major repair and replacement of existing curbing, and re-striping of the parking areas. Future work includes the construction of two new main entry monument signs. The renovation program extends to a major retenanting of the shopping center. Four leases with new tenants have been executed in the second quarter of 2003: (1) Direct Realty (1,400 sq.ft.) has opened for business; (2) University Fitness (13,288 sq.ft.), (3) Milano's Bakery (4,550 sq.ft.) and Physiotherapy Associates (2,800 sq.ft.) are currently under construction.