Garden Commercial Acquires 83,841-Square-Foot Retail Center in Manalapan, Florida

Manalapan, Fla. —An affiliate of GardenCommercial doing business as Manalapan Plaza Del Mar LLC has acquired Plaza Del Mar, an 83,841-square-foot retail center located in Manalapan, roughly 50 miles north of Miami. According to the Palm Beach Daily News, the purchase price was $37 million. Publix anchors the property, which is situated on roughly 10.3 acres.  Other tenants at the center include John G’s, Thaikyo Asian Cuisine, Art Basil Restaurant, The Ice Cream Club, Chico’s, Evelyn & Arthur and J. McLaughlin. Addicted Chic is also scheduled to open at the property later this year. Casey Rosen and Dennis Carson of CBRE represented the seller, an affiliate of a joint venture between Evergreen Investment Advisors and Kitson & Partners, in the transaction. Scott Loventhal and Michael Gartenberg represented the buyer on an in-house basis.