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Florida & Gulf Coast  + Retail  |  February 3, 2020
David Cohen
By: David Cohen

JLL Arranges $40M Sale of Royal Palm Beach Retail Center

JLL has arranged the $39.5 million sale of Coral Sky Plaza, a 232,727-square-foot retail center in the South Florida community of Royal Palm Beach. The buyer was not disclosed.

Anchored by BJ’s Wholesale Club, the 96% leased retail center is also home to tenants Ross Dress for Less, buy buy Baby, Bed Bath & Beyond, Five Below, IHOP and Famous Footwear. The center is located on nearly 25 acres.

Danny Finkle, Luis Castillo and Eric Williams of JLL’s Retail Capital Markets team represented the undisclosed seller in the transaction. Additionally, working on behalf of the new owner, JLL secured a 10-year, fixed-rate acquisition loan with Morgan Stanley Bank.

Connect South Florida is coming to Key Biscayne on Feb. 26, 2020. For more information, or to register, click here.

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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