Sprouts-anchored center sells for $30M as grocers drive investment demand
Pebb Enterprises and its partner sold a Sprouts-anchored Delray Beach shopping center for $30 million, amid heated demand for retail real estate with grocery stores. Boca Raton-based Pebb and Topvalco sold Delray Landing, at 5024-5070 West Atlantic Avenue, closing the deal on Thursday, according to a Pebb news release. Boca Raton-based Carlyle Management Group’s Charles Rosner is the manager of the buying entity, 30 Realty, state corporate records show. Eric Williams and Cole Frantz from Newmark represented the sellers. The buyer assumed the sellers’ $17.3 million loan on the property, boosting it to $19 million from Seacoast National Bank, according […]This article originally appeared on The Real Deal. Click here to read the full story.
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