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Retail Trades Heat Up in Smaller Florida Markets

PALM BEACH, FL-Investors are moving beyond the metros to do smaller deals with strong upsides.

By Jennifer LeClaire | Updated on April 26, 2011

PALM BEACH, FL-When it comes to office buildings, investors typically look for core properties in top tier cities. But on the retail front, investors are moving beyond the metros to do smaller deals with strong upsides.

CB Richard Ellis arranged the sale of a Walgreens in Loxahatchee. Located at 15940 Orange Boulevard, US Property Management acquired the 14,469 square foot freestanding building for $7.87 million. Walgreens has a new 25-year lease on the building.

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