$18.3M Mixed-Use Sale Signals Confidence In Delray Beach Market

As Delray Beach continues to be a hotbed in South Florida’s investment landscape, propelled by sustained strong demographics, prime locational positioning, and transformative mixed-use projects, Colliers announced the sale of King’s Point Shopping Center and Professional Building for $18.3 million. The ±77,852-square-foot retail shopping center and professional medical/office property is located at 6600 W Atlantic Avenue in Delray Beach.

Colliers Executive Vice President Mark M. Rubin, Senior Vice President Bastian Schauer, Senior Financial Analyst Jared Mann, and Associate Ryan Buckner of the South Florida Investment Services Team collaborated with Senior Vice President Russell Bornstein in representing the seller, Partners of Kings Point, LTD., in the transaction. Adam Beighley, partner at Beighley, Myrick, Udell, Lynne + Zeichman, P.A., served as legal counsel for the seller and oversaw the closing of the transaction. Rick Baer and George Kleier led the acquisition on behalf of the buyer, an affiliate of American Commercial Realty Corp. (ACR).

“Since its development in 1981, King’s Point has been a cornerstone of the community, home to long-standing tenants that serve as neighborhood staples,” said Bornstein. “Having represented the property for more than four decades, we’re proud to witness its next chapter in step with Delray Beach’s transformation. With American Commercial Realty’s experienced team, the property is well-positioned to realize its full capabilities.”

 

“This transaction presented the buyer with a rare chance to acquire a legacy property that had been retained by ownership for over 40 years,” said Rubin. “Beyond its history and enduring presence, the asset now presents an exciting opportunity to be repositioned and revitalized, capturing renewed market potential.”

 

“We were particularly attracted to this property due to its tremendous location within just a few miles of many of the Boca Raton and Delray Beach area’s best country club communities,” noted Rick Baer, President & Chief Executive Officer of American Commercial Realty. “Our plans include renovations of the property and upgrading of the stores to serve this wonderful community.”

King’s Point Shopping Center and Professional Building offers 58,674 square feet of retail and 19,178 square feet of medical office space. Spanning 11.53 acres, the property is strategically located at the southwest corner of West Atlantic Avenue and Jog Road. With excellent visibility at a signalized corner and robust in-place cash flows anchored by long-term retail and medical tenants, the property offers stability while presenting significant prospective gains.

Situated directly off Atlantic Avenue, a major east-west artery that intersects both I-95 and Florida’s Turnpike, the property benefits from a prime location within one of Delray Beach’s most active residential and commercial corridors. A diverse mix of national retailers and amenities, including Walgreens, CVS, Starbucks, Chick-fil-A, Home Depot, Publix, Sprouts, and other surrounding national brands, surrounds the area. With development booming along the Atlantic Avenue corridor, bringing new housing, office, and entertainment options, the property is ideally positioned to capture ongoing demand in a growing, high-traffic market.

“ACR is thrilled to acquire King’s Point and capture the momentum of Delray Beach,” said George Kleier, Director of Leasing and Development for American Commercial Realty. “The acquisition aligns seamlessly with our investment strategy, strengthening our national portfolio as we continue to repurpose assets for long-term growth.”

The buyer, American Commercial Realty Corp., is a full-service commercial real estate firm specializing in acquisitions, redevelopment, leasing, property management, and construction management. Serving both affiliate-owned and third-party assets, ACR manages a portfolio that exceeds 3 million square feet of income-producing properties across the eastern United States. The firm leverages national expertise and deep local market knowledge to deliver results that consistently maximize value and enhance the experience for merchants, tenants, residents, and property owners alike.

“This sale reflects sustained investor confidence in the flourishing submarket,” said Schauer. “Positioned within one of Southern Palm Beach County’s most affluent and rapidly evolving communities, Delray Beach continues to draw strong investor demand for value-add opportunities.”

Delray Beach’s commercial market has seen growth amid shifting consumer dynamics and macroeconomic pressures. Fundamentals indicate a healthy market with strong demand. King’s Point Shopping Center and Professional Building offers daily convenience to a mature, affluent resident base with an average household income ranging from $74,000 within 1 mile to nearly $126,000 within 3 miles. Tenants blend essential services and local favorites, ranging from medical offices to shops and casual eateries, creating a neighborhood-centric, service-driven mix poised for future expansion. Palm Beach County remains active, with $1.7 billion in transaction volume across all assets year-to-date, including $104 million in Delray Beach, underscoring investor confidence in the county’s long-term fundamentals. Construction continues to shape the landscape, with 12.3% of all projects under construction in the county taking place in the Delray Beach submarket. With a broad catchment area and a captive, primarily senior demographic, King’s Point remains an attractive location buoyed by dense local traffic and loyal footfall.