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NorthMil Plaza Sells for $13M

PALM BEACH GARDENS, FL-An entity affiliated with Intervest Properties bought the two-year-old shopping center, anchored by Albertson's, from Northmil Partners for $139.78 per sf. The property has 90,322 rentable sf.

By Melissa Bogdany | Updated on December 16, 2003

PALM BEACH GARDENS, FL-NorthMil Plaza, a two-year-old, grocery store-anchored neighborhood shopping center here, has been sold for $12.6 million. A private investor, an entity affiliated with Intervest Properties of Tulsa, OK, purchased the property from Northmil Partners LC, paying nearly $139.78 per sf.

NorthMil Plaza, located at the northeast corner of Military Trail and Northlake Boulevard, contains 90,322 sf of rentable space and is anchored by an Albertson’s grocery store. The plaza was built in 2001.

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