Oakland Park Festival Center sells to active Broward property buyer

Oakland Park Festival Center sold for $17 million, resetting the price on a grocery-anchored center at 3300-3570 N Andrews Ave. in Oakland Park. The deal puts a roughly 150,000-square-foot retail property, built in 1968, in the hands of a buyer already active in Broward County shopping centers.

The center’s location remains the main draw. Public listings place it on North Andrews Avenue with immediate access to I-95 and close to Oakland Park Boulevard, a corridor that feeds a densely populated Broward trade area. For tenants, that kind of access helps sustain foot traffic and keeps the site relevant even as the building’s age points to future maintenance, leasing and repositioning questions.

The 2026 sale also lands below the 2021 transaction, when Oakland Park Festival Centre traded for $23.4 million in a venture involving Hudson Capital Group and Amera Corp. through 3400 Andrews LLC. Starwood Mortgage Capital provided a $12 million loan in that deal, and commercial real estate records put the price at about $155.44 per square foot. That earlier purchase was among Broward’s notable shopping center trades in 2021.

Hudson Capital Group, founded in 1997 by Harris “Whit” Hudson and Steven Hudson, says it owns and manages warehouses, retail centers and office buildings throughout South Florida. The family office has long been tied to the property, and the lower 2026 price suggests the market now values the center differently than it did five years ago.

For Broward, the bigger story is what an active local buyer does next. Owners with several shopping centers in the county can absorb a property like Oakland Park Festival Center as steady income while also weighing longer-range moves, including rent resets, tenant turnover or redevelopment if the land becomes more valuable than the current strip center. That can shape conditions for shoppers, nearby merchants and neighboring property values along North Andrews Avenue.

In a market where older retail centers are increasingly judged on land value as much as lease income, Oakland Park Festival Center now sits at that crossroads. Its grocery anchor, highway access and large footprint still make it a meaningful Broward asset, but the discount sale shows how quickly the pricing narrative around suburban retail can change.