GFO Investments, InSite Group, Atlas Hill Real Estate and Prime Finance Acquire Fort Lauderdale’s Galleria Mall
GFO Investments, InSite Group, Atlas Hill Real Estate and
Prime Finance Acquire Fort Lauderdale’s Galleria Mall
Locally-Based Joint Venture to Reimagine South Florida Property as a Premier, Community-Focused Retail and Lifestyle Destination
FORT LAUDERDALE (September 19, 2025) – GFO Investments and InSite Group, in partnership with Atlas Hill Real Estate and Prime Finance, today announced they have completed the acquisition of Fort Lauderdale’s Galleria Mall, marking the start of a transformative chapter for the city’s most iconic shopping and dining destination.
The locally based teams plan to reimagine the property as a vibrant hub of retail, culture, and community. Guided by a commitment to local engagement and economic growth, the partners aim to create a destination that serves the community while attracting visitors from across South Florida.
“The Galleria Mall has long been a landmark in Fort Lauderdale, and now we have an opportunity to reimagine it for a new generation,” said Ben Shmul, Founder of InSite Group. “We look forward to delivering a vibrant, accessible space that will serve the community for decades to come.”
“Our vision is to restore the Galleria as the premier shopping and lifestyle destination for Broward County,” said Russell Galbut, Founder of GFOInvestments. “It will be a place where people can gather, shop, and experience Fort Lauderdale’s diverse and creative energy.”
Since opening in the early 1980s, the Galleria has served as a central destination for shopping, dining, and entertainment, drawing visitors from across South Florida. Its prime East Sunrise Boulevard location, with nearby waterways and easy access to downtown Fort Lauderdale and the beaches, provides a strong foundation for a revitalization that celebrates both Fort Lauderdale’s heritage and its evolving urban landscape.
The acquisition represents a unique collaboration combining local vision with national retail expertise. GFO and InSite will oversee the redevelopment of the asset, while Atlas Hill Real Estate’s Sandeep Mathrani brings extensive experience in operations and repositioning of landmark retail destinations across the country.
“The Galleria Mall is an integral part of Fort Lauderdale’s retail scene,” said Sandeep Mathrani, Founder and Managing Partner of Atlas Hill Real Estate. “With its distinguished location and rich history, we have a rare chance to create a modern destination that celebrates its legacy while introducing new experiences for both residents and visitors.”
Detailed plans will be unveiled in the coming months, with a vision centered on a community-focused revitalization that elevates Fort Lauderdale’s shopping, lifestyle, and cultural offerings, featuring some of the most recognized household names in the industry.
“The attractive real estate fundamentals of the trade area combined with the experience and capabilities of this accomplished sponsorship group create a uniquely compelling opportunity to reposition this important property,” said Seth Fisher, a Principal at Prime Finance. “We are thrilled to partner with Russell, Ben, Sandeep, and their terrific teams in this exciting endeavor.”
Robert Given, Brad Capas, and Casey Rosen of CBRE Group, Inc. (NYSE: CBRE) exclusively represented the seller in this transaction. Mr. Given specializes in institutional multifamily sales, land development sales, structured equity finance and private capital sales throughout the State of Florida and has participated in more than 1,000 investment sales in excess of $70 billion.
About GFO Investments
GFO Investments is a private wealth management advisory firm focusing on real estate development and ventures such as hospitality operations, private financing, and capital market securities. It is committed to fiscal discipline and achievement, evident in its over 50 years of business excellence. The firm invests solely on behalf of GFO Investments. For more information, visit www.gfoinvestments.com.
About InSite Group
Leveraging three decades of commercial real estate experience, InSite Development Group is a premier real estate investment and development firm specializing in hospitality, residential, and mixed-use properties. Headquartered in Fort Lauderdale, the firm has established itself as a leader in creating distinctive lifestyle destinations across the Southeastern United States, with a total development portfolio valued at several billion dollars. For more information, visit www.insiteus.com.
About Atlas Hill Real Estate
Atlas Hill Real Estate, founded by Sandeep Mathrani, is a strategic real estate investment and development firm focused on transformative projects. Mr. Mathrani brings decades of leadership in the retail real estate sector, having served as CEO of GGP and Vice Chairman of Brookfield Properties. He has also held key industry leadership roles at Forest City, Vornado Realty Trust, past Chair of NAREIT, and past member of the Executive Board of Trustees at ICSC. Today, he continues to shape the future of retail real estate as a Board Member of Dick’s Sporting Goods (NYSE: DKS), Tanger Inc. (NYSE: SKT), Lucky Strike Entertainment Corp (NYSE: LUCK), and Mindspace REIT (BOM: 543217).
About Prime Finance
Prime Finance, founded in 2008, is a private commercial real estate investment firm that offers capital, financing, and investment solutions across the commercial real estate spectrum. Through its Special Situations strategy, Prime Finance opportunistically invests in customized capital solutions across the real estate capital stack and deploys equity capital into joint ventures. Prime Finance has loan and investment origination teams located in Chicago, New York, and San Francisco. For more information, visit www.primefinance.com.