Holliday Fenoglio Fowler, L.P. (“HFF”) is pleased to exclusively offer the rare opportunity to purchase a high-volume, South Florida Publix-anchored neighborhood shopping center at an attractive basis and with various opportunities for value creation. Polo Grounds Mall (the “Property”) has been the dominant grocery destination within the West Palm Beach market for over half a century and underwent a significant renovation in 2007 that included a complete “scrape and rebuild” of the Publix store. The Property serves a loyal and dense trade area of over 150,000 residents within three miles in addition to the numerous nearby daytime population drivers such as Palm Beach International Airport, Trump International Golf Club, and Downtown West Palm Beach, among others. That has produced consistently high occupancy levels and reliable cash flow for the Property which is currently 100% leased to tenants such as Chase Bank, Bealls Outlet, T-Mobile, and Cricket Wireless, and has averaged 95.3% occupancy over the last four years. The success of this 130,015 square foot Property is not only evidenced by its largely national tenant roster which accounts for 85% of the GLA but also by the long-standing tenure of the retailers which averages 27.8 years.
Originally built in 1966, but renovated – including a full Publix scrape & rebuild – in 2007, Polo Grounds Mall is a 100% leased neighborhood shopping center located along the busy South Military Trail in West Palm Beach, FL. The Property is anchored by Publix, Bealls, and USPS, and includes four outparcels with a total of five tenant spaces, leased by JP Morgan Chase, La Brasa, Cricket Wireless, and Wingstop, with the final space under LOI.
Polo Grounds Mall is located in the dense and mature West Palm Beach submarket of Palm Beach County on South Military Trail. The Property serves more than 150,000 residents within 3 miles, with the trade area expected to grow another 6.4% over the next five years.
If you are interested in obtaining more information from HFF, please execute the confidentiality agreement below. HFF will review the signed agreement and contact you as soon as possible.