Atlantic Commercial Arranges $12.3M Sale Of Boca Raton Shopping Center

Jul 10, 2014 No Comments by

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.

The Shoppes at Village Pointe traded for $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 Broidis.

The shopping center was developed in 1986, which includes approximately 7 acres of land, includes many tenants that have been in occupancy for over 15 years.  

Under the direction of Broidis, the property was sold to Boca SVP, LLC., an entity controlled by Janoura Realty & Management.  The firm has numerous other retail holdings in South Florida.  

Source:  Atlantic Commercial Group

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Industry News, Palm Beach County Retail, Retail
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