NNN Florida Commercial Real Estate News

North Palm Beach, Florida - Check out the NNN Commercial Real Estate website for an in-depth look at Net Lease Properties, Apartment Buildings and various Commercial Real Estate Investments. They offer news for the majority of NNN Commercial Real Estate markets across the United States. Feel free to Contact us to sell your Net Lease Properties.

Boynton Town Center Sold and NNN Florida Development

Palm Beach Gardens, Florida - The NNN Florida property news this afternoon is on a new Retail Shopping Center breaking ground and a 4 year old Retail Shopping Center being sold in Florida. Starting out in Ocala, Florida, we want to report that Deerfield Beach-based SIKON Construction broke ground for the new Publix-anchored retail shopping Center. This retail shopping center will be known as Park View Commons and is being constructed under a $7 million contract with KSH Parkview Commons, LLC.

The Deerfield Beach-based SIKON Construction broke ground recently. This will a new 70,599-square-foot Publix-anchored retail shopping center. This Florida NNN Property will be designed by api(+), Tampa. The Company api(+) works with an intense motivation to help build business and customer awareness and satisfaction for the long term. The Company api(+) completes this through strategically focused retail design that is visually exciting and distinctive.

This Florida NNN Property sits on a 16.8-acre net lease site and will include a new 45,600-square-foot Publix Super Market. This Florida NNN Property will also have approximately 25,112 square feet of additional retail space, and should be finished by November of 2011.

We also have Florida NNN Property news from Boynton Beach, Florida in Palm Beach County. The Retail Power Center, Boynton Town Center has recently sold. The Net Leased Property, Boynton Town Center is located at the northeast corner of N. Congress Avenue and Old Boynton Road. This NNN Florida Property sits in the heart of the Boynton Beach's commercial zoned retail district. The Florida NNN Property consists of a wide range of business including restaurants, retail, office and service oriented net lease tenants. This Florida NNN Property is currently about 92% leased.

The St. Petersburg-based commercial real estate developer Sembler Company sold the Boynton Town Center. The Florida NNN Property has SuperTarget, Best Buy, Total Wine & More and Michaels anchoring the center, but this transaction did not include the large SuperTarget store. The SuperTarget building is owned by Target Corp. and therefore not involved in this net lease property sale. We are not aware if this net leased property was involved in a 1031 Exchange.

The net leased property sold for $59 million. The Net Leased Property Seller was an affiliate of the Sembler Company. The Sembler Company has developed many architecturally beautiful retail shopping centers. The NNN commercial real estate development company has received a variety of awards.

The net leased property buyer was Morguard Investments. This net leased property buyer is currently based in Canada. The Retail Power Center had some of the net lease tenants opened their doors in 2007. The Net Leased Property is anchored by excellent Tenants, including SuperTarget, Best Buy and Michael's. Michaels took over approximately 23,407 square feet in this net leased property, opened late in 2009. Boynton Town Center is at the prime address of 1000 North Congress Avenue in
Boynton Beach, with the 33426 zip code.

This Florida NNN Property, Boynton Town Center is a recently developed, high quality retail power center. As we see Land which can be developed, becoming very scarce in South Florida, this will be one of the last retail net lease properties developed in this area of Palm Beach County.

We see Investors looking for Net Lease Properties to sell net lease properties,and purchase NNN Property or for 1031 exchange replacement properties. There are listings available at Commercial Property For Sale in Florida if you are ready to buy or sell. .

We recommend NNN Florida Investors use financing specialists from Loanrise.com for CTL Financing and Commercial Loans.

NNN Florida News on Publix Construction

Fort Lauderdale, Florida - NNN Florida reports that ground has been broke to develop a new Publix in Fort Lauderdale, Florida. The Deerfield Beach-based SIKON Construction Company has recently started construction on the net lease property with Publix as Tenant. This new NNN Florida Investment Property will cost approximately $5 million. This NNN Florida development will house Publix at The Galleria Mall in Fort Lauderdale.

This new 30,907-square-foot Publix Super Market will be a traditional type Publix, however it will carry the Publix GreenWise Market brand items. Currently, it appears Palm Beach Gardens, beautiful Boca Raton and Tampa Bay, Florida have the new Publix Greenwise Markets. These are also great areas for Cheap Car Insurance Quotes for any type of car or truck.

Florida Construction Company

On an adjoining net lease site last summer, the SIKON Construction Company constructed a new free-standing 1,300-square foot Starbucks Coffee House. This new NNN Florida Publix market is being designed by Fisher & Associates, Inc., from Clearwater, Florida. The new NNN Florida Publix project is slated for completion, if all goes as planned, in July 2011. This Publix commercial real estate in Florida development is at Sunrise Boulevard and was previously a Wild Oats Market. The new NNN Florida Publix market will get the retail foot traffic from the Fort Lauderale area east side and the beach customers in that area.

SIKON Construction, is from Deerfield Beach and Orlando, Florida. SIKON Construction has approximately 1,079,000 square feet of retail projects currently under construction. SIKON Construction now ranks as the largest South Florida and 2nd largest Florida-based retail shell contractor according to Retail Traffic magazine’s 2010 Top Contractors (August 2010 issue). SIKON Construction has constructed 1,184,000 square feet of shell space and Retail Shopping Center Projects during the survey year and 8,768,000 square feet in the past five years. The SIKON Construction company also built about 2,793,999 square feet of interior space during the past five years including 473,100 square feet during the past year.

SIKON management team is led by Steve Goraczkowski, CEO, and also includes R.E. "Ed" McWhorter, President and Director of Business Strategies, and Dale E. Scott, CDP, Senior Executive Vice President. One of their recent prized net leased properties to be built was mixed-use development in Coconut Creek, Florida. This investment property constructed by Sikon is a new LEED Silver certified, 550,000-square-foot Promenade at Coconut Creek mixed-use development. One of premier Retail Shopping Centers that Sikon built was the first LEED-certified Publix GreenWise store, in Palm Beach Gardens, Florida.

Contact Net Lease Properties to sell your net lease properties, purchase NNN Property or for 1031 exchange replacement property opportunities.

We recommend NNN Florida Investors use financing specialists from Loanrise.com for CTL Financing and Commercial Loans.