Asher Bistricer And Jack Bistricer Of Talisker Corp Acquire Ocean Walk Retail Center For $18.18M

The retail asset located at 2401 Ocean Avenue in Riviera Beach has a sale price of $18,180,000. The property spans 65,908 square feet and is situated on an 8.5-acre city-owned site. The transaction involved a ground lease arrangement, with the municipality retaining landlord ownership.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $18,180,000
• Buyer: Asher Bistricer & Jack Bistricer - Talisker Corp
• Seller: Jon Paul Pérez - Related Group; Liat Toledano & Isaac Toledano - BH Group; Ian Weiner - PEBB Enterprises
• Lender: City National Bank of Florida
• Price per Square Foot: $276

The ground lease for the Ocean Walk retail center is managed by Asher Bistricer of Talisker Corp. City National Bank of Florida provided $12,730,000 in financing for the acquisition. This complex includes various shopping and dining options, marking a significant addition to the retail landscape in the area.