{"id":1004130064,"date":"2015-10-26T06:13:17","date_gmt":"2015-10-26T14:13:17","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004130064"},"modified":"2022-03-03T01:26:51","modified_gmt":"2022-03-03T09:26:51","slug":"pebb-sheds-delray-beach-multi-tenant-center","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/pebb-sheds-delray-beach-multi-tenant-center\/","title":{"rendered":"Pebb Sheds Delray Beach Multi-Tenant Center"},"content":{"rendered":"<div id=\"attachment_1004130065\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/10\/Shoppes-of-Delray.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004130065\" data-attachment-id=\"1004130065\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/pebb-sheds-delray-beach-multi-tenant-center\/shoppes-of-delray\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/10\/Shoppes-of-Delray.jpg\" data-orig-size=\"800,600\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Shoppes of Delray\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Shoppes of Delray&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/10\/Shoppes-of-Delray.jpg?w=800\" class=\"size-medium wp-image-1004130065\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/10\/Shoppes-of-Delray.jpg\" alt=\"Shoppes of Delray\" width=\"300\" height=\"225\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/10\/Shoppes-of-Delray.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/10\/Shoppes-of-Delray.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/10\/Shoppes-of-Delray.jpg?resize=768,576 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004130065\" class=\"wp-caption-text\">Shoppes of Delray<\/p><\/div>\n<p>Shoppes of Delray, a 23,094-square-foot neighborhood shopping center, changed hands recently. Pebb Enterprises Shoppes of Delray, LLC, an entity affiliated with <a href=\"https:\/\/www.pebbent.com\/\" target=\"_blank\" rel=\"nofollow noopener\">Pebb Enterprises<\/a>, sold the property to <a href=\"https:\/\/www.perkinspropertieslynn.com\/1.html\" target=\"_blank\" rel=\"nofollow noopener\">Perkins Realty Management LLC<\/a>.<\/p>\n<p>Located in Delray Beach, the retail center faces the heavily trafficked Military Trail just north of Atlantic Ave. The seller hired CBRE to market the asset for sale and negotiate the transaction\u2014First Vice President David Donnellan and Senior Financial Analyst Patricia Friend of CBRE managed the sale. The team is part of <a href=\"https:\/\/www.cbre.com\/\" target=\"_blank\" rel=\"nofollow noopener\">CBRE<\/a>\u2019s Fort Lauderdale Investment Properties Group, which focuses on the disposition of multi-tenant shopping centers in South Florida. The buyer was represented by Regional Managing Partner Greg Matus of <a href=\"https:\/\/www.franklinst.com\/\" target=\"_blank\" rel=\"nofollow noopener\">Franklin Street Real Estate Services<\/a> in South Florida.<\/p>\n<p>\u201cThe market for well located, unanchored retail centers in infill locations is in very high demand,\u201d said Donnellan in a prepared statement. \u201cShoppes of Delray is poised for long-term stability and success due to its prime southern Palm Beach County location. The property will continue to benefit from a trade area population base that has been gradually trending from a predominantly senior citizen profile to a younger demographic.\u201d<\/p>\n<p><em>Photo credit: CBRE<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>An affiliate of Boca Raton-based Pebb Enterprises sold Shoppes of Delray, a 23,094-square-foot, multi-tenant retail center to Perkins Realty Management LLC.<\/p>\n","protected":false},"author":35,"featured_media":1004130065,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,1492,21742,21749],"tags":[],"class_list":["post-1004130064","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-miami","category-latest","category-retail"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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