JBCC Development Acquires 10-Acre Development Site In West Palm Beach For $12M

JBCC Development, specializing in single-tenant retail stores, has acquired a 10-acre development site in West Palm Beach. The property, located at 4651 45th Street, was purchased for a total of $12 million. This acquisition expands JBCC Development's portfolio, known for brands like Wawa and Walmart. The site has received approval for a 51,136 sq ft retail plaza, which will offer a diverse range of retail offerings.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $12,000,000
• Address: 4651 45th Street
• Market: West Palm Beach
• Buyer: JBCC Development - James Bridges & Clinton Conway
• Seller: Prime Development - Charles Lomangino
• Lender: Centennial Bank
• Approved Retail Plaza Size: 51,136 sq ft

JBCC Development's acquisition of the 10-acre development site in West Palm Beach marks a significant expansion of their portfolio. With a focus on single-tenant retail stores, like Wawa and Walmart, the company aims to diversify the offerings available at their retail plaza. The purchase was made from Prime Development, represented by Charles Lomangino. Centennial Bank provided the necessary financing for the transaction.