Fort Lauderdale, Fla. (October 5, 2021) –SRS Real Estate Partners, the largest national real estate company in the country exclusively dedicated to retail services, marketed and brokered the $1.95 million sale of two parcels totaling 4.16 acres located at 11925 Southern Boulevard, Royal Palm Beach, FL.
The seller, K. Hovanian Cypress Key, sold the property zoned MXD – Mixed-Use Development for retail use to City Construction & Development.
The vacant commercial land site is situated on the north side of Southern Boulevard within the Park Central at Cypress Key residential development in the affluent western suburb of Royal Palm Beach in Palm Beach County, FL. More than 134,057 residents earning an annual average income of $110,002 live within a 5-mile radius of the site.
Brandon Woulfe, vice president with SRS represented the seller in this transaction and American Site Selectors procured the buyer.
City Construction & Development has been developing shopping centers throughout Florida for over 40 years. “We are excited to add this key piece of real estate on Southern Boulevard to our portfolio,” stated Martin Heise, owner/developer of City Construction. The newly named Boulevard Shoppes will be comprised of 24,500 square feet of neighborhood retail.
About SRS Real Estate Partners
SRS Real Estate Partners is the largest real estate company in North America exclusively dedicated to retail services. Headquartered in Dallas with more than 25 offices worldwide, SRS’ strong reach and international presence provide the company with unparalleled knowledge both globally and domestically. As a result, clients of SRS have a competitive edge through a full range of offerings including brokerage services, corporate services, development services, and investment services. Since its inception in 1986, SRS has built a strong foundation in the retail real estate world and grown into one of the industry’s most influential and respected leaders. Our success is measured in the achievement of our clients’ objectives, satisfaction and trust. For more information, please visit srsre.com.