Riviera Beach Warehouse Sells For More Than Double Its 2018 Price
The property was managed by Benjamin J. Genet of Tamarac-based Genet Property Group.
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The property was managed by Benjamin J. Genet of Tamarac-based Genet Property Group.
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The 25-acre site offers a blank canvas for redevelopment in an infill location surrounded by key demand drivers and amenities.
Rentyl Resorts will oversee retail property management and guest experience operations.
The redevelopment, which began in 2024 following the acquisition of the center by Stiles and FCA Partners, included the construction of a new, ground-up Publix Supermarket along with significant upgrades to the property’s façade, walkways, landscaping, and parking areas.
The buyers plan to redevelop the site into a modern industrial campus comprising two Class-A warehouse buildings totaling approximately 182,000 square feet.
He brings over 25 years of experience in commercial real estate, private equity, and platform operations to his new role.
CCRE services a wide range of asset types, including single-family, multifamily, office, retail, mixed-use and hospitality in Miami-Dade, Broward and Palm Beach counties.
Since commencing its exclusive leasing representation of Thrive just seven months ago, Native has secured 11 new tenants to bring the district to nearly 75% leased.
Alex Zylberglait and Michael Crocchiola, investment specialists in Marcus & Millichap’s Miami office, exclusively marketed the property on behalf of the seller.
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