The Commons at Royal Palm, a 8,340 sqf, three-tenant retail center, has changed hands for $2.7 million. Located at 551 N. State Road 7 in Royal Palm Beach, the new owner, Royal Palm Beach Properties LLC bought the 100 percent leased outlet which includes tenants Sally Beauty Supply, Mattress1One, and Batteries+Bulbs. CBRE represented the vendor, Royal Palm Real Estate Investments and Samuels 29. “The market for well-located, highly visible unanchored retail centers with strong national brand names continues to be robust ,” said David J. Donnellan, Senior Vice President with CBRE. “We have recently seen some of the traditional single-tenant, net-leased investors that are searching for better yields acquire these smaller multi-tenant strip centers that have limited landlord management responsibilities.”
