PEBB Enterprises, Banyan Development Close Site Acquisition For New Retail Project In Port St. Lucie
PEBB and Banyan picked up the 23-acre site for $7.46 million.
PEBB and Banyan picked up the 23-acre site for $7.46 million.
The 71,000-square-foot project will be anchored by popular supermarket chain Aldi, which will be leasing 19,231 square feet at the center.
The deals with Aldi and numerous other newly signed tenants bring the 71,000-square-foot project to more than 50% pre-leased.
The portfolio consists of seven multi-tenant office buildings totaling 308,305 square feet.
The frequent joint venture partners have a contract to acquire nearly 15 acres for the future construction of the Shoppes @ the Heart of Tradition.
PEBB and Banyan closed on the $2.1 million acquisition on Dec. 21.
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