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| The George Buildings, 300 and 400 East Atlantic Avenue Delray Beach, FL |
DELRAY BEACH, FL – Marcus & Millichap (NYSE: MMI), a
leading commercial real estate investment services firm with offices throughout
the United States and Canada, today announced it has obtained the exclusive
listing for The George Buildings, two adjacent corner retail assets totaling
19,855 square feet.
The two buildings are listed together for $21,500,000.
Howard Bregman, an associate in Marcus &
Millichap’s Fort Lauderdale office, is marketing the portfolio on behalf of the
seller, a South Florida family corporation. It is the first time the property
has been offered for sale in more than 100 years.
“This is an extraordinary opportunity for an investor to
acquire prime retail assets with over 165 feet of frontage on East Atlantic
Boulevard,” says Bregman. “Tenant demand and development continue to rise in
Delray Beach, especially with the revitalization and redevelopment of the
Delray Beach Art District, which has transformed the area into a major tourist
attraction. A brand new IPIC Theater is scheduled to open directly behind the
property in 2015.”
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| Howard Bregman |
Located on the southeast and southwest corners of Atlantic
Avenue and SE 4th Street, at 326 and 400 East Atlantic Ave., the properties
occupy the two most recognizable corners of Downtown Delray Beach.
The George Buildings are 1.4 miles east of
Interstate 95 and one-half block west of Federal Highway with convenient access
to the area’s major transportation corridors and excellent connectivity to the
rest of Delray Beach and all of South Florida.
Interested investors can contact Howard Bregman at (954) 245-3417.
For a complete copy of the company’s news release, please
contact:
Gina Relva
Public Relations Manager
(925) 953-1716
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