Union Investment Real Estate Acquires Boynton Beach Retail Portfolio For $79.5M

Union Investment Real Estate has acquired a retail property in Boynton Beach for a total price of $79,500,000. The property, located at 6545, 6555, 6627, 6661, 6667 Boynton Beach Blvd & 9811 S. Jog Road, spans across approximately 23.2 acres. The asset type is retail, with a total square footage of 185,372. The purchase price per square foot was approximately $429. The seller, DRA Advisors, was represented by David Luski.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: $79,500,000
• Address: 6545, 6555, 6627, 6661, 6667 Boynton Beach Blvd & 9811 S. Jog Road
• Market: Boynton Beach
• Acres: 23.2
• Square Footage: 185,372
• Price Per Square Foot: $429

The buyer, Union Investment Real Estate, made the acquisition from DRA Advisors, with David Luski representing the seller. This transaction between the two parties resulted in the successful sale of the retail property in Boynton Beach.