IMC Equity Group has acquired the Festival Flea Market in Pompano Beach for $56 million and plans changes to the property to enhance its food and beverage options.
The deal is a coming full circle for Yoram Izhak, CEO of North Miami-based IMC, which owns over $1 billion in commercial real estate. In 1975, a year after arriving from Israel as a teenager, Izhak worked in the former Tropical Flea market selling suits in a booth. He went on to found a clothing business and then build commercial real…
