Boynton Beach, Fla. — Union Investment has acquired the Fountains of Boynton, a five-building grocery-anchored retail center in Boynton Beach. The acquisition is being made on behalf of open-ended real estate fund Unilmmo: Europa. The seller and sales price were not disclosed. Built in 1994 and modernized in 2017, the Fountains of Boynton include 174,996 square feet and is currently fully leased to tenants such as Publix, LA Fitness Signature Club, restaurants and a range of services providers.
Union Investment Acquires Grocery-Anchored Retail Center in Southern Florida