PEBB Enterprises, Banyan Development Bring Lowe’s To New Retail Project In Port St. Lucie’s Tradition
Construction of the 134,000-square-foot store is underway, with a projected opening in 2026.
Construction of the 134,000-square-foot store is underway, with a projected opening in 2026.
The lease was expertly orchestrated by Jake Michels, Sales Associate, and Joseph P. Byrnes, Senior Vice President at Berger Commercial Realty, who represented the landlord.
The buyer plans to remove the Marriott franchise and convert the property to student housing supporting Florida Atlantic University.
Michael Alaoui, senior director investments in Marcus & Millichap’s Miami office, represented the seller and procured the buyer in an all-cash transaction.
The 12-story development will feature luxury studios, one-, and two-bedroom apartments along with 12,500 square feet of ground-floor retail.
CBRE’s Calum Weaver and Perry Synanidis represented the seller, IMC Equity Group, in the transaction.
Berger Commercial Realty Senior Vice President Joseph Byrnes and Sales Associate Daniel Forman negotiated the deal on behalf of the seller.
Read on for the most popular news headlines this past week on CRE-sources.
The acquisition marks The Easton Group’s second acquisition within the Gratigny submarket.
The luxury fitness club will make its debut in Fort Lauderdale with a 35,000 square-foot facility.
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