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Pebb Capital to Buy Delray Beach OZ Site for $40M

The property is being sold by Marshall Florida Investments, which is led by Rick Marshall, and is expected to close within 73 days.

Pebb Capital is moving forward with a deal that reportedly failed to close earlier this year to acquire a QOZ parcel in Downtown Delray Beach, FL. Pebb Capital is moving forward with a deal that reportedly failed to close earlier this year to acquire a QOZ parcel in Downtown Delray Beach, FL.

DELRAY BEACH, FL—Pebb Capital of Boca Raton, FL says it will move forward with a planned purchase of a seven-acre Qualified Opportunity Zone site in Downtown Delray Beach for $40 million.

The property is being sold by Marshall Florida Investments, which is led by Rick Marshall, and is expected to close within 73 days. Pebb Capital reportedly had a contract to acquire the property for $40 million earlier this year, but the deal did not close due to a legal dispute between the owners of the property assemblage, according to a report in the Real Deal, which stated that Pebb Capital had entered into a new contract for the property.

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John Jordan

John Jordan

John Jordan is a veteran journalist with 36 years of print and digital media experience.

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