Port St. Lucie, Fla. — A joint venture between PEBB Enterprises and Banyan Development has sold The Shoppes at the Heart of Tradition, a 71,000-square-foot shopping center located within the master-planned community of Tradition, for $32 million. The center — which was completed in 2024 — is anchored by ALDI. Additional tenants include Papa Johns Pizza, Carmela Coffee, Kyle G’s Amore Italian Chophouse, Spanish restaurant Port Tradition, Tomalty Dental, Peach Cobbler Factory, Picasso Nails & Spa, Rita’s Italian Ice & Frozen Custard and Swift Mediterranean Grill.
One Investment Group represented the buyer, 4Y Plaza, LLC, in the transaction.
Tradition, which opened in 2003, spans approximately 8,300 acres and features a variety of residential, retail and commercial spaces.
The joint venture is also developing Shoppes at Southern Grove within the community, which will include a 14.2-acre retail development with additional outparcels available for ground lease.