Carlyle Management Acquires Retail Property In Boynton Beach For $33M

The retail property located at 9850 Jog Rd in Boynton Beach has been sold in a recent transaction. The property spans 52,152 square feet and was sold for a total price of $33,000,000, resulting in a price per square foot of $633. The sale of this retail asset was facilitated by brokers Danny Finkle, Eric Williams, Kim Flores, Cameron Beck, and Michael Kavaler of JLL.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: $33,000,000
• Address: 9850 Jog Rd, Boynton Beach
• Market: Boynton Beach
• Buyer: Carlyle Management - Gerald Simon
• Seller: PEBB Enterprises & Banyan Development
• Brokers: Danny Finkle, Eric Williams, Kim Flores, Cameron Beck, and Michael Kavaler - JLL

The buyer of the property is Carlyle Management, represented by Gerald Simon. The sellers of the property are PEBB Enterprises and Banyan Development. The deal was successfully closed with the assistance of the brokers from JLL, namely Danny Finkle, Eric Williams, Kim Flores, Cameron Beck, and Michael Kavaler.