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| Ian Weiner |
The frequent joint venture partners are developing Atlantic II on nearly 10 acres at 8778 W. Atlantic Ave.
Atlantic II consists of a multi-tenant retail building with approximately 10,000 square feet, 100,000 square feet of self-storage and a car wash outparcel. The venture has the outparcel under contract for sale. It expects to complete the project by mid-2024.
Liberty Investment Properties is partnering with PEBB and Banyan on the development. Orlando-based Liberty has developed more than 65 successful self-storage assets across the U.S. since 1990.
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| Jason Sher |
A lease with Paradise Grills to occupy 6,000 square feet of the retail building has been finalized.
“We
are excited to further enhance West Delray with new retail offerings and
self-storage space,” PEBB President and CEO Ian Weiner said. “The area’s
housing boom has created a significant need for complementary commercial real
estate, and our joint venture continues to identify opportunities to fill the
void.”
PEBB’s
nearby Plaza Delray, which was completed in 2021 and has 30,700 square
feet of restaurants and service-oriented retail shops, is in close proximity to
the Atlantic II site.
The new project site is also near popular retail centers Delray Marketplace and the Banyan-developed Shop Delray.
“These
centers are capitalizing on the incredible residential growth in Northwest Boca
Raton and West Delray,” Banyan Development Principal Jason Sher said. “Our
venture looks forward to building upon our market knowledge and successful West
Delray portfolio with Atlantic II.”
Contacts:
Eric Kalis/Daniel Benjamin
954-370-8999
ekalis@boardroompr.com
dbenjamin@boardroompr.com
For
Atlantic II leasing inquiries, please contact
Chris Stewart
561)
613-4020
Jenny Schuemann
jschuemann@pebbent.com.
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