Parks at Delray will ultimately deliver a 747-unit multifamily development offering townhouses along with three- and five-story garden-style buildings, in addition to an estimated 40,000 square feet of grocery-anchored retail space and an existing, 68,000-square-foot office building.
Roberto Susi, Principal of Axiom Capital Partners, represented the buyers in the off-market deal.
Echelon Fitness is set to occupy 10,035 square feet.
The site is zoned for a variety of uses, including but not limited to, residential, office, retail and seniors housing.
iStar is selling the property, which is 81 percent occupied and 91 percent leased. CLICK ON THE HEADLINE FOR MORE
Roberto Susi of Axiom Capital represented the buyer, a partnership between Gadinsky Real Estate, Echion USA and 13th Floor Investments. CLICK ON THE HEADLINE FOR MORE
Mattoni is planning to lease those spaces to major retailers. CLICK ON THE HEADLINE FOR MORE
The Real Deal asked top developers what they see happening in the real estate market in 2015. CLICK ON THE HEADLINE TO READ WHAT THEY HAD TO SAY