Bucksbaum Properties Acquires Plaza La Mer Retail Property In Juno Beach For $27.13M

Bucksbaum Properties, through its affiliate, has acquired Plaza La Mer, a retail property located in Juno Beach, FL. The property spans 66,357 square feet and sits on 10.2 acres of land. The transaction was completed at a price of $27,130,000, with a price per square foot of $409. Plaza La Mer is home to several tenants, including Dunkin' Donuts and Bank of America.

Summary of transation details

• Property Type: Retail
• Transaction Amount: $27,130,000
• Square Footage: 66,357
• Address: 14051 U.S. Highway 1
• Market: Juno Beach

The buyer, Bucksbaum Properties, was represented by John Bucksbaum in the deal. On the other hand, Delray Property Investments, led by Jeffrey S. Steiner, acted as the seller. The purchase of Plaza La Mer adds to Bucksbaum Properties' portfolio and expands their presence in the retail sector.