PEBB Enterprises Closes Sale Of Delray Landing In Delray Beach
PEBB, in a joint venture with Cincinnati-based Topvalco Inc., sold the property for $30 million.
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PEBB, in a joint venture with Cincinnati-based Topvalco Inc., sold the property for $30 million.
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The property had previously been listed with another brokerage for approximately one year without a sale. After repositioning and repricing the asset, Axis Realty Advisors successfully secured a buyer and closed the transaction.
The gourmet deli and restaurant relocated from its long-time South Dixie Highway location into a 9,053 square foot retail space on the building’s ground floor.
The recent leasing activity includes a 150,181-square-foot lease in Building A to an aviation maintenance provider specializing in jet engine repair and maintenance, a packaging company focused on plastic bottle manufacturing, leased 73,467 square feet in Building B, and the remaining 24,288 square feet available in Building C was leased by a Brazilian shoe manufacturer.
Colliers’ Jake Freeman and Maggie Guajardo Kurtz will lead office leasing efforts, while Jonathan Carter and Ryan Brodsky will head up retail leasing across both properties.
With nearly four decades of experience across commercial real estate, healthcare advisory, and corporate leadership, he will play a key role in advancing Blanca CRE’s healthcare tenant advisory services while supporting select landlord assignments.
The project will deliver 384 apartment residences totaling approximately 391,747 square feet featuring structured parking and an extensive suite of lifestyle-focused, state-of-the-art amenities.
The 164,000-square-foot, 36-foot clear height rear-load industrial distribution building is 100% leased to two tenants.
The 43,878-square-foot professional building located within PGA Station sold for $15.5 million.
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