An approximately 2.76-acre development site located at 112 S Federal Highway in Boynton Beach has been sold in a recent transaction. The property was purchased by Alliance Residential at a sale price of $10,000,000. The seller of the site was 112 South Federal Highway Inc., Sara N. Garcia MD PA, Howard R. Spencer, Christopher N. Chiodo, Maria Ruggeri, DSS Properties LC, Joseph W. Scaggs, Francisco A. Solis, Downtown Properties of South Florida LLC, and Bowen Inc.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $10,000,000
• Address: 112 S Federal Highway, Boynton Beach
• Market: Boynton Beach
• Buyer: Alliance Residential
• Seller: 112 South Federal Highway Inc., Sara N. Garcia MD PA, Howard R. Spencer, Christopher N. Chiodo, Maria Ruggeri, DSS Properties LC, Joseph W. Scaggs, Francisco A. Solis, Downtown Properties of South Florida LLC, Bowen Inc.

The sale of this development site highlights the involvement of Alliance Residential as the buyer. The seller, 112 South Federal Highway Inc., Sara N. Garcia MD PA, Howard R. Spencer, Christopher N. Chiodo, Maria Ruggeri, DSS Properties LC, Joseph W. Scaggs, Francisco A. Solis, Downtown Properties of South Florida LLC, and Bowen Inc., represented the sellers in the transaction.