SRS Real Estate Partners, the largest national real estate company in the country exclusively dedicated to retail services, recently marketed and brokered the $1.95 million sale of two parcels totaling 4.16 acres located at 11925 Southern Blvd. in Royal Palm Beach.
The seller, K. Hovanian Cypress Key, sold the property, zoned for mixed-use development, for retail use to City Construction & Development.
The vacant commercial site is situated on the north side of Southern Blvd. within the Park Central at Cypress Key residential development in Royal Palm Beach. More than 134,057 residents earning an annual average income of $110,002 live within a five-mile radius of the site.
Brandon Woulfe, vice president with SRS, represented the seller in this transaction, and American Site Selectors procured the buyer.
City Construction & Development has been developing shopping centers throughout Florida for more than 40 years.
“We are excited to add this key piece of real estate on Southern Blvd. to our portfolio,” said Martin Heise, owner/developer of City Construction.
The newly named Boulevard Shoppes will be comprised of 24,500 square feet of neighborhood retail.
Headquartered in Dallas with more than 25 offices worldwide, SRS has a strong reach and international presence that provide the company with unparalleled knowledge both globally and domestically. For more information, visit www.srsre.com.