Marcus & Millichap Brokers $9.5 Million Sale Of Boynton Beach Wawa Still Under Construction
The 5,636-square-foot convenience store and gas station is situated on a 2.88-acre parcel.
The 5,636-square-foot convenience store and gas station is situated on a 2.88-acre parcel.
Executive Managing Director Mark M. Rubin and Director Bastian Laggerbauer of Colliers | South Florida Investment Services Team represented the seller in the transaction.
The company is aggressively seeking prospective Pink Bird sites on Florida’s east coast, from Broward to Brevard counties, with minimum dimensions of 150 x 200 feet, in high traffic locations with left-in access and strong retail co-tenancy.
Negotiations are underway with a national grocer, gas station, high end national coffee shop, national dental provider, a first-class daycare, as well as several other restaurants and service-oriented businesses.
The asset consists of 75,406 square feet of upscale retail and 45,068 square feet of office space.
The tenant will occupy space previously occupied by Steinmart.
The TOBY Awards are the most prestigious and coveted awards of their kind in the commercial real estate industry. The awards recognize superiority in office and industrial buildings and reward excellence in building management.
The project is expected to cost over $500 million to develop.
The property sold to a joint venture between Lone Star Funds and Woolbright Development.
The 55,046-square-foot property sits near the Intracoastal Waterway and features a mix of neighborhood restaurants and high-end retail stores.
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