PEBB Enterprises, Banyan Development Bring Lowe’s To New Retail Project In Port St. Lucie’s Tradition
Construction of the 134,000-square-foot store is underway, with a projected opening in 2026.
Construction of the 134,000-square-foot store is underway, with a projected opening in 2026.
The transactions included numerous new leases and a sale transaction.
Leading real estate developer Related Group is developing the residential project in partnership with BH and PEBB.
Joe Freitas and John Criddle of CBRE are handling office leasing at The Eclipse on behalf of the development partnership. The law firm was represented by Greg Katz, Carlyle Coffin and Shay Pope of Stream Realty Partners.
He brings over 25 years of experience in commercial real estate, private equity, and platform operations to his new role.
He brings more than 26 years of commercial real estate experience and a track record of over 25 million square feet of negotiated sales and lease transactions across South Florida.
The JV completed the 71,000-square-foot retail project in 2024 and generated substantial leasing activity before the sale.
The new assignments total more than 200,000 square feet.
Alan Lipsky and Barry Wolfe of Marcus & Millichap represented PEBB and Banyan in the transactions.
ABANCA USA and BankUnited provided the loans.
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