Atlantic Plaza II

Summit Realty Leasing & Management Corporation is pleased to announce a 46,623 square foot retail/office plaza with 32,758 SF of retail space, free standing building with 3,655 SF and 10,210 SF of office space located in Delray Beach, Florida. The property is located on Jog Road, a primary north-south corridor in south Palm Beach County and is just south of Atlantic Avenue, which is a main east-west corridor with access to I-95 and the Turnpike. The traffic is in excess of 34,000 cars per day and the demographics in a 3 mile radius are 69,000 people with an income level of $70,445 per household. The plaza has left hand ingress and egress with joint access to the properties to the North and the South.

The center has a wide variety of local long term tenants. Odyssey Diner, a restaurant with a Greek flair, and South Florida Dentistry have been a tenants since 1993. Beijing Palace, a Chinese restaurant has been in the center since 1996. The Salon, a 2400 square foot tenant has occupied space in the plaza for almost 15 years.

Our most current tenant in the center is CosmoProf, a national tenant which is part of the Beauty Systems Group LLC. They recently signed a lease and occupancy is expected in early May 2015.

Delray Beach is located between Palm Beach and Fort Lauderdale and is South Florida’s most popular and friendly destinations and has approximately 1 million annual visitors and over 64,000 residents.

The property was built in 1985 and had exterior renovations in 2001 and the stand alone building was built in 2006. The property was re-roofed in 2007 and many units have been renovated and updated.

Occupancy in the center is 90% and rates are an average of $12.15 PSF NNN.