Publix-anchored retail center in Palm Beach County sells for $32M

Features

Publix-anchored retail center in Palm Beach County sells for $32M
 
Published Tuesday, December 19, 2017

 

The Publix-anchored Villages of Oriole Plaza in west Delray Beach sold for $31.75 million.

RLV Oriole Plaza, an affiliate of New York-based Clarion Partners, sold the 161,916-square-foot retail center at 7215, 7231, 7375 and 7385 W. Atlantic Ave. to Atlantic Avenue Realty Associates, managed by Myron D. Vogel in Boca Raton. Weston-based Florida Community Bank (NYSE: FCB) provided a $20 million loan to the buyer.

The price equated to $196 a square foot.

The Villages of Oriole Plaza last traded for $23 million in 2005. It was built on the 24.3-acre site in 1981.

In addition to Publix, tenants there include Bank of America, Wells Fargo Bank, Dunkin' Donuts, Dollar Tree and Movies of Delray. It’s near the Villages of Oriole senior community.

Source: South Florida Business Journal


Send this page to a friend

Recent News

ATLANTIC COMMERCIAL GROUP COMPLETES OFFICE BUILDING SALE IN LANTANA

Delray Beach, FL – Robert Geller, Managing Director of Delray Beach-based Atlantic Commercial Group, Inc. recently completed the $2,475,000 sale of Hypoluxo Corporate Center, an office building located at 1177 Hypoluxo Road, Lantana. The property is located less than a mile east of I-95 along a main commercial east/west artery in Lantana.

TIN ROOF CAFÉ SIGNS LEASE AGREEMENT FOR FORMER SMOKE SPACE ON ATLANTIC AVENUE IN DELRAY BEACH

Delray Beach, FL –           Gary Broidis, Principal of Delray Beach-based Atlantic Commercial Group, Inc., announced that Tin Roof Café, a live music venue, is underway with plans and permits to open in the former Smoke space on Atlantic Avenue in Downtown Delray Beach.

Midtown Delray Is On Its Way

A spark in development for Swinton Avenue is on its way.