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Florida & Gulf Coast   /   February 11, 2021

David Cohen
By: David Cohen

IPA Arranges Sale of 34K-SF Shopping Center in Delray Beach

Institutional Property Advisors has arranged the sale of North Delray Commons, a 34,087-square-foot Publix-anchored shopping center in Delray Beach. The sales price was undisclosed.

Located a few blocks north of Downtown Delray Beach, the shopping center is surrounded by many existing and planned developments, including 1,400 multifamily units and 950,000 square feet of mixed-use, hospitality, retail and office space. The center was constructed on more than three acres in 2001. Additional tenants at the center include Lina Nails, UPS, AT&T and Jersey Mike’s Subs.

Kirk Olson and Drew Kristol of IPA represented the seller, an institutional investor with several offices throughout the country. The buyer was Benderson Development.

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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.
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