Grocery-anchored retail center in South Florida sells for $33m
Carlyle Management Corp. has bought Mainstreet at Boynton, a 52,152-square-foot, grocery-anchored retail center located in Boynton Beach, Fla., for $33 million.
JLL Capital Markets represented the seller, a joint venture between PEBB Enterprises and Banyan Development,
Constructed in 2021/2022, Mainstreet at Boynton is currently 100 percent leased to a strong tenant roster that is 90.5 percent comprised of national tenants. The property is anchored by Sprouts Farmers Market and features a strong roster of complementary tenants, including AT&T, Paradise Grills, F45, Yolk, Capital Carpet and Tile, Crown Wine & Spirits, Maoz Vegetarian and GoodVets, among others. Mainstreet at Boynton also benefits from being a part of a greater mixed-use development that features a 158-unit Assisted Living Facility, Anthology of Boynton Beach, Wawa, Aspen Dental and Synovus Bank, none of which were included in the sale.
Located at 6405 W. Boynton Beach Blvd., the prope