The Galleria Mall, which once graced Fort Lauderdale as the city’s prime retail attraction, has been sold to a small consortium of investment and real estate firms that promises to revitalize the pedestrian property into a “community-focused retail and lifestyle destination.”

A news release distributed late Friday described the ambitions of the acquiring firms: GFO Investments, InSite Group, Prime Finance and Atlas Hill Real Estate.

They said they “plan to reimagine the property as a vibrant hub of retail, culture, and community.”

CBRE, the national real estate firm. started the task of finding a buyer in late 2023, when the mall was put up for sale .

“Guided by a commitment to local engagement and economic growth, the partners aim to create a destination that serves the community w

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