Located in Palm Beach County, the 158,345-square-foot property is 95 percent leased to high-profile tenants

CBRE Group, Inc. arranged the sale of Commons at Royal Palm. This premier asset was sold by an affiliate of Retail Properties of America, Inc., which was represented by Casey Rosen and Dennis Carson of CBRE’s National Retail Investment Properties Group.

Located at 531 North State Road 7, Royal Palm Beach, Florida, Commons at Royal Palm serves a high quality suburban, affluent trade area with a well-defined retail market. The property was 95% leased at sale and featured new leases with Hobby Lobby, Big Lots and Party City.

“Commons at Royal Palm is a well located power center that had recently undergone the replacement of three of its four anchor tenants,” said Casey Rosen. “The buyer was interested in excellent real estate with top-notch tenancy and outstanding demographics, and Commons at Royal Palm met those criteria. CBRE marketed the property and arranged the transaction before the new anchors opened.”

The property is located in a vibrant retail concentration centered along State Road 7 north and south of the Mall at Wellington Green. The surrounding neighborhoods consist of upper income family households with a high levels of disposable income.

About CBRE Group, Inc.

CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2015 revenue). The Company has more than 70,000 employees (excluding affiliates), and serves real estate investors and occupiers through more than 400 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.