shopping

Wawa-anchored shopping center west of Delray sells for $13.25 million

Mike Diamond
 |  Special to The Post

A Wawa-anchored shopping plaza west of Delray Beach that opened just 15 months ago has sold for $13.25 million. The per-square footage price is $515.  

“We had no intention of selling the shopping center, which is fully leased but we got an unsolicited offer that we decided to accept,” said Ross Feurring, a spokesman for Boca Raton-based Banyan Development.

The company is looking to reinvest the proceeds from the sale into another project in Palm Beach County, Feurring said, adding that he expects to be able to make an announcement by February. 

The new owner of the 25,720-square-foot plaza at the southwest corner of State Road 7 and West Atlantic Avenue is 441 Atlantic Realty LLC of Port Jefferson, N.Y.

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