Collett Capital sold Paradise Place, a grocery-anchored neighborhood shopping center in West Palm Beach, Florida. The buyer was Forge Capital Partners.

Paradise Place totals 72,961 square feet of retail space and is anchored by a strong performing Publix Supermarket. Built in 2003, the center was 98% occupied at the time of sale and is situated on 8.49 acres between Interstate 95 and Florida’s Turnpike. Other notable tenants include Dunkin Donuts, Sage Dental and Goodwill. A Plaza Advisors team led by Jim Michalak and Jeff Berkezchuk represented the seller Collett Capital.

Plaza Advisors is a retail shopping center investment brokerage firm that specializes in the disposition of retail properties throughout the state of Florida.

Collett Capital is a real estate private equity firm with over $700+ million in assets under management.

Over the past 20 years, Forge and its affiliates have developed and/or acquired and operated over $1 billion of commercial real estate.