Atlantic Commercial Group Completes Shopping Center Sale in Boca Raton, FL
Jul. 1, 2014 - BOCA RATON, Fla.
Delray Beach, FL – Gary Broidis, Principal of Delray Beach-based Atlantic Commercial Group, Inc. recently completed the sale of an approximately 73,000 square foot shopping center located in Boca Raton at a price of $12,250,000. Located on SW 18th Street, between Military Trail and Powerline Road, this property has been one of the most stable retail properties in Boca Raton for the past 20 years, according to Mr. Broidis.
The shopping center was developed in 1986, contains approximately 7 acres of land and many tenants that have been in occupancy for over 15 years. Under the direction of Mr. Broidis, the property was sold to Boca SVP, LLC., an entity controlled by Janoura Realty & Management that has numerous other retail holdings in South Florida. Per Mr. Broidis, this property provides a great opportunity for the buyers to increase the occupancy and cash flow at this retail center.
Atlantic Commercial Group, Inc. specializes in the brokerage and development of retail and office properties in South Florida. Additional services include national tenant representation, landlord representation and development consulting.