Jacksonville, FL-based Regency Centers LP, a large, national owner of neighborhood retail centers, sold the 109,937-sf shopping center. Tequesta Shoppes is set in an affluent area at 105 N. U.S. Highway 1 in north Palm Beach County.
The center, built in 1986, is 88% occupied. Tequesta Shoppes is anchored by a 39,795-sf Publix, whose sales significantly exceed the Publix chain average, and a 13,000-sf Beall's Outlet.
Steve Miskew, managing director of RJS Realty Group Inc., represented Regency Centers LP and was the only broker involved in the transaction.
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