Jeff Olson Of Urban Edge Properties Acquires Publix-anchored Retail Center In Boca Raton For $90M

The retail property involved in the recent transaction is the Publix-anchored Woodfield Plaza shopping center located at 3003 West Yamato Road, Boca Raton, Florida. The asset encompasses 142,893 square feet and spans 14.85 acres. The sale was completed for approximately $90 million, translating to a price per square foot of $630.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $90,000,000
• Buyer: Jeff Olson - Urban Edge Properties
• Seller: Woodfield Regency, an affiliate of Invesco Realty
• Market: Boca Raton, FL
• Year Built: 1992
• Vacancy Rate: 0.4% in the Boca Raton North submarket

Jeff Olson, representing Urban Edge Properties, acquired the shopping center from Woodfield Regency, which is an affiliate of Invesco Realty. The tenant mix at the shopping center includes anchor stores such as Publix, Walgreens, Chase Bank, and Dunkin', contributing to the center's established position in the market.