Carlyle Management Acquires Retail Asset From Pebb Enterprises & Topvalco For $30M

The property at 5030 West Atlantic Avenue is a retail asset located in Delray Beach, with a total square footage of 69,000. The retail asset was sold for a price of $30,000,000, which equates to a price per square foot of $434.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $30,000,000
• Address: 5030 West Atlantic Avenue
• Market: Delray Beach
• Square Footage: 69,000
• Price per Square Foot: $434
• Buyer: Carlyle Management
• Seller: Pebb Enterprises & Topvalco
• Seller's Representative: Eric Williams & Conor Lalor - Newmark

The transaction involved Carlyle Management as the buyer, acquiring the asset from the sellers Pebb Enterprises and Topvalco. The sellers were represented in the deal by Eric Williams and Conor Lalor from Newmark, facilitating the sale process for the parties involved.