Institutional Property Advisors (IPA), a division of Marcus & Millichap (MMI), has brokered the sale of Village Square at Golf, a 135,133-square-foot grocery-anchored shopping center in the Village of Golf, a municipality in Boynton Beach, Fla. The property sold for $31 million.
Built in 1983 and renovated in 2012, Village Square at Golf was 93 percent occupied at the time of the sale by a tenant roster that includes Enterprise Rent-A-Car, Quest Diagnostics, a UPS Store, Boynton Quality Medical Center and Anthony’s Ladies’ Apparel. It is located across the street from a newly constructed Publix-anchored Shoppes at Village of Golf shopping center and the Village of Golf Commerce Park, a 200,000-square-foot industrial/flex complex. The shopping center is easily accessible from the Florida Turnpike.
“Anchored by KC Market, the largest kosher grocery supermarket in South Florida, Village Square at Golf provides new ownership with opportunities for upside through