Palms Plaza Sells For $18.5M

Toronto-based North American Development Group (NADG) acquires the Palms Plaza shopping center at 22191 Powerline Rd. in Boca Raton, FL from Bell Partners, a real estate firm based in Greensboro, NC, for $ 18.5 million, or about $ 268 per square foot.

The 68,976-square-foot retail center was constructed in 1988 and renovated in 2004. It is located south of Palmetto Park in the Boca Raton West submarket of Palm Beach County. The in-fill neighborhood…
South Florida Commercial Real Estate News From CoStar Group