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Florida & Gulf Coast  + South Florida  + Retail  |  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.

For comments, questions or concerns, please contact David Cohen

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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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