CBRE Duo Closes Sale of Three Retail Centers
CBRE's David Donnellan and Patricia Friend worked the sale of three retail centers owned by Boca Raton-based Pebb Enterprises for nearly $40 million.
August 25, 2015 at 07:00 AM
5 minute read
Dealmakers: David Donnellan and Patricia Friend
The Deal: In one month, the CBRE dealmakers negotiated the sale of three retail centers owned by Boca Raton-based Pebb Enterprises LLC for a total of just under $40 million, and a fourth sale is in the works.
The sale of 77,705-square-foot Palm Square in Pembroke Pines for $17.6 million closed June 25, followed by the 68,292-square-foot Delray Commons in Delray Beach for $10.75 million on June 30 and the 80,000-square-foot University Commons in Tamarac for $10.7 million on July 24. The sale of the 25,000-square-foot Shoppes of Delray at 14434 S. Military Trail likely will be completed in September.
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