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.
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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