ICM Realty Group Acquires Andrew S. Webb Babies ‘R’ Us Plaza in West Palm Beach, FL

Babies 'R' Us Plaza, West Okeechobee Boulevard and Haverhill Road, West Palm Beach, FL

 

West Palm Beach, FL – ICM Realty Group, the international real estate investment and management firm, announced today that it has purchased the Babies ‘R’ Us Plaza.

The 80,000 SF multi-tenant, retail building is located on the corner of West Okeechobee Blvd and  Haverhill Road in West Palm Beach FL.

As part of the purchase, ICM has committed to completing significant capital improvements, including significant exterior renovations, a new roof, signage and landscaping and upgraded building systems to

be more energy efficient.

Bruce Timm

In addition, ICM intends to immediately commence an aggressive leasing campaign focused on adding new retailers to the building’s already impressive tenant roster.

"We are happy to be investing in a market that continues to demonstrate a dynamic resurgence in leasing activity and one that we think is poised for strong growth,” said Bruce Timm, ICM’s CEO. “This

investment signals our ongoing commitment to the Southeast Florida market and to building ICM Realty Group’s reputation as a world-class real estate investment manager.”

Babies ‘R’ Us Plaza is strategically located along the highly utilized Okeechobee Blvd corridor amongst numerous retail and hospitality amenities.

With frontage and access points on both West Okeechobee Blvd and Haverhill Road, along with its direct access to I-95, the building maintains superior accessibility and visibility.

With its ability to accommodate a new user in excess of 13,000 SF, the building is poised to capitalize on the recovering leasing market.

"We are very pleased to have the opportunity to invest further in this market and are fortunate to have purchased a building with such a high quality group of tenants and individuals," said ICM Managing

Director Andrew Webb.

 “Babies ‘R’ Us Plaza represents a unique opportunity for its occupants to locate in a well located asset that will have all the traits and amenities of a newly developed retail building.

The building’s central location also allows companies to access multiple customer pools in order to attract and retain shoppers from all areas of the West Palm Beach metro.”

ICM has partnered with Cohen Commercial Realty for the property management and leasing of Babies ‘R’ Us Plaza in order to deliver the best service possible.

Cohen is a West Palm Beach based real estate

leasing and management company with over 15 years of experience and over one million square feet of retail space currently under management in Southeast Florida.

 

For a complete copy of the company’s news release, please contact:

Andrew Webb

ICM Realty Group, LLC

7900 International Drive, Suite 150

Bloomington, MN 55425, USA

Tel:    +1 952 883 3107

Email: awebb@icmgroup.net

Web:   www.icmgroup.net