Palm Beach County Mixed-Use Retail, Office Asset Trades For $36.2 Million
The asset consists of 75,406 square feet of upscale retail and 45,068 square feet of office space.
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.
The company manages and leases a ±4-million-square-foot, 41-property portfolio throughout the state of Florida comprised primarily of grocery-anchored shopping centers as well as mixed-use and office properties.
With a reputation of being a national retail specialist, Will Crowden joins SRS with 21 years of experience representing both established and emerging brands in their national, regional, and new market roll-out plans.
The approximately125,000-square-foot mixed-use project will feature four buildings with 127 residential units, approximately 8,000 square feet of retail and office space, and 20,000 square feet of green space
Formerly of Marcus and Millichap, the pair has been chosen to lead the newly formed ‘ROI Partners’ (Retail, Office, and Industrial) at SVNCP.
CRE-sources, Inc. is committed to ensuring that individuals with disabilities can access all of the goods, services, facilities, privileges, advantages, and accommodations that we offer through our website.If you are having trouble accessing the website, please call us at 954.290.3866 for assistance.
