Boca Retail Center Trades For $224 Per SF

Nov 07, 2012 No Comments by

A joint venture between Woolbright Development, Inc. and DRA Advisors LLC has acquired the Polo Club Shoppes at 5030-5050 Champion Blvd. in Boca Raton, FL from New York-based BlackRock, Inc. and MetLife, Inc. for $28.5 million, or about $224 per square foot.

Polo Club Shoppes is located in the Boca Raton West submarket of Palm Beach County. The 127,106-square-foot neighborhood center is situated on 14 acres near the SW corner of Champion Blvd. and N. Military Trail. Anchored by Publix Super Market and Walgreens, the center features a variety of retail tenants.

No brokers were used in the direct sale.

 

Source:  CoStar

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Industry News, NA, Palm Beach County Retail, Retail
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