EOD Properties Acquires Freestanding Commercial Property On Federal Highway In Boca Raton
New ownership is planning significant renovation and repositioning of the highly visible property, which is being offered for lease.
New ownership is planning significant renovation and repositioning of the highly visible property, which is being offered for lease.
Colliers Executive Vice President Gary Gottlieb, Senior Vice President Darcie Lunsford and Client Services Specialist Cara Girardi will lead leasing and marketing efforts on behalf of the new ownership.
The transactions include medical office, retail, industrial, multifamily and mixed-use properties across South Florida and Texas.
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.
J.P. Morgan and Hudson Bay Capital provided financing for the 97% pre-leased mixed-use destination
in Downtown Delray Beach.
He brings more than 15 years of experience advising occupiers, investors, and property owners across the industrial, office, and retail sectors, with expertise spanning tenant representation, site selection, and investment sales.
The project will include more than 120,000 square feet of Class A office space, along with over 11,000 square feet of ground-floor retail.
Simon acquired the 18.6-acre Sears site last year for $23 million.
The portfolio includes four shopping centers located in Miami-Dade, Broward and Palm Beach counties.
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