VERO BEACH, FL – G&C
Holland Vero Investors LLC, an affiliate
of real estate investment group Grover Corlew, has sold 1.83 acres of a
3.5-acre development site at U.S. 1 and 12th Street in Vero Beach for $5.055
million.
The property sold is currently leased by Wawa,
considered one of America’s most popular convenient stores, which opened Dec.
1.
“We recognized that Indian
River County and the stretch of land on U.S. 1 between 20th Street and 8th
Street was ripe for commercial redevelopment. That’s why we invested in the
purchase of that site,” said Partner Anuj
Grover. “We specialize in identifying, acquiring and developing or
re-developing properties that are long-term, value-add investments.”
In 2015, Grover Corlew in
partnership with Holland Retail Advisors, LLC purchased the site, then a former
Vatland auto dealership. The company then cleared the land for development and
signed a land lease with Wawa.
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| Planned WAWA Development site 12th Street and U.S. 1 Vero Beach, FL |
“Wawa is expanding
throughout Florida. We’re excited to bring this iconic brand to Vero Beach,”
said Grover. “It’s a tremendous addition to this revitalized area of the city
and the sale of the land it sits on is a promising long-term investment.”
There also is an
additional 1.52 acres currently for sale next to Wawa. One parcel is under
contract and expected to close in January 2017. Numerous other users are
considering the remaining parcel.
Calkain Companies, LLC
represented G&C Holland Vero Investors, LLC in the sale.
For a complete copy of the company’s
news release, please contact:
Samantha Van Nuys
Pierson Grant Public
Relations
954-776-1999, ext. 115
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