X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

WEST PALM BEACH, FL-Sacramento-based Panattoni Development Co. has acquired a 25-acre parcel on Southern Boulevard just east of the South Florida Fairgrounds for $15.8 million. The land will be the future site of an 80,000-sf, two-story Dick’s Sporting Goods store.

The sporting retailer will share the site with a 100,000-sf department store for a nationwide retailer that has not yet been named. Construction is expected to begin in the spring with completion slated for mid-2009.

“The western communities of Palm Beach County have been inundated with demand for new retail venues to keep pace with the burgeoning, affluent communities,” says NAI/Merin Hunter Codman chairman Neil Merin. “The demographics in the area are very compelling.”

The seller was locally based road building, site work, asphalt and excavation contractor Ranger Construction. Locally based NAI/Merin Hunter Codman served as the broker in the transaction.

The land is located on Southern Boulevard at Sansbury’s Way, about midway between the Florida Turnpike and Route 441, has its own traffic light. The area has seen much retail development. “You’ve had explosive growth in the western part of West Palm Beach,” NAI/Merin Hunter Codman president Jay Grossman tells GlobeSt.com “The expansion of Southern Boulevard is almost complete and there has been a lot of development in the area.”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.