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Florida & Gulf Coast  + Retail  |  September 3, 2019
David Cohen
By: David Cohen

Publix-Anchored Shopping Center in Boca Raton Trades for $16M

Avison Young brokered the $16-million sale of West Boca Plaza, a 70,524-square-foot Publix-anchored shopping center in Boca Raton. David Duckworth, John K. Crotty, Michael T. Fay and Brian C. de La Fé of Avison Young represented the seller, Sandalfoot Investments, in the transaction. The buyer was Investments Limited.

Located at 22973-23071 State Road 7, the retail center is adjacent to a Bank of America-anchored office building and two fully-occupied retail centers, which Investment Limited also recently acquired.

“Investor demand for core assets remains extremely strong,” said Duckworth, principal at Avison Young. “This was a highly desirable asset offering 95% occupancy, long-term leases, great frontage, and a prestigious Boca Raton address.”

For comments, questions or concerns, please contact David Cohen

Read More News Stories About: Avison Young
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About David Cohen

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.
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