Delray Beach Large Commercial Parcel assembled for redevelopment sales for $10.1-million
West Palm Beach, FL - Strategic Realty Services, LLC, a full service commercial real estate firm in South Florida, announces the assemblage and sale of prime commercial parcel located on the 2500-2700 block of US Highway 1 in Delray Beach, FL for $10.1-million. Douglas Desantis of Strategic Realty Services, LLC exclusively represented Ed Morse Automotive Group in the assemblage of 10 acres of automotive commercial land in the heart of Delray Beach's automotive row. The assemblage allowed Morse Group to acquire a key piece of property "The Casey Tract" in the early part of 2013, which joined two Morse owned tracts to the north and south. The total assemblage +/- 9.5 acres with two roads that would be abandoned through the approval of the town of Delray Beach, totaling property close to 11 acres. DeSantis presented the property to The Van Tuyl Group, Inc. who contracted, entitled and closed on the property. The property will be the new home to Delray Honda, a relocation of the dated store to the south.
Since 1986, Douglas Desantis has been successful in leasing, selling and assembling commercial properties for clients in the state of Florida. Desantis stated, "It was one of the longest assemblages in my career, but one of the more worthwhile ones. Combined efforts of several team players as well as persistence, imagination and timing were the key components in closing this real estate deal"
Strategic Realty Services, LLC is a full service commercial real estate firm established 2004 in West Palm Beach, FL. Strategic Realty provides the following services: Sales & Marketing, Leasing, Property Management, Tenant Representation, Development, Site Selection, 1031 Exchanges, and Sale-Lease Backs. Strategic's client base includes private investors, national credit tenants, franchisees and local South Florida business owners. Its partners are D. Glen Alexander, CPM, Douglas L. DeSantis, and Richard S. Kaufman, CCIM.