Native Realty Closes Nearly $40 Million In New CRE Sales
The transactions include medical office, retail, industrial, multifamily and mixed-use properties across South Florida and Texas.
The transactions include medical office, retail, industrial, multifamily and mixed-use properties across South Florida and Texas.
This was the first time the property was on the market for sale since the seller, Tricon Development, purchased the property over 30 years ago.
The property features approximately 115 feet of frontage along Lincoln Road and is currently occupied by a diverse tenant roster.
Avison Young brokered the sale.
The development was built on the site of the former Hollywood Bread Building, which served as the headquarters of the Hollywood Bread Company.
Read on for the most popular news headlines this past week on CRE-sources.
Colliers Executive Vice Presidents Sabrina Stimming and Steven Henenfeld, Vice President Ruben Suarez, and Associate Vice President Ariel Davis will lead leasing efforts for the properties on behalf of Stiles Retail Group.
The $38.2 million sale represents one of the largest commercial transactions ever in Delray Beach.
The landmark transaction is the largest grocery-anchored shopping center sale in northern Palm Beach County in more than five years.
The site comprises 50,000 square feet of retail across three buildings, along with a 60,000-square-foot, three-story self-storage facility.
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