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HSBC Plaza Fetches Strong Price on Demos

PALM BEACH, FL—M&M's Douglas K. Mandel tells GlobeSt.com's Jennifer LeClaire what attracted the buyer to this Boca Raton retail center.

By Jennifer LeClaire | Updated on February 10, 2014

PALM BEACH, FL—HSBC Plaza, a 46,000-square-foot retail shopping center in Boca Raton, FL, has traded hands. The retail plaza sold for $19 million, or $415 per square foot.

HSBC Plaza is 95% leased to a mix of local, regional, and national tenants including Med Express and Dunkin Donuts. The retail site includes a freestanding CVS pharmacy and an HSBC Bank branch outparcel.           

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