**Collett Capital Sells Paradise Place Shopping Center in West Palm Beach**
Collett Capital has completed the sale of Paradise Place, a grocery-anchored neighborhood shopping center located in West Palm Beach, Florida. The buyer of the property is Forge Capital Partners.
Paradise Place comprises 72,961 square feet of retail space and is anchored by a high-performing Publix Supermarket. Constructed in 2003, the center was 98% leased at the time of the sale. It sits on 8.49 acres of land strategically positioned between Interstate 95 and Florida’s Turnpike.
In addition to Publix, Paradise Place features a strong tenant mix that includes Dunkin’, Sage Dental, and Goodwill. The transaction was brokered by Plaza Advisors, with a team led by Jim Michalak and Jeff Berkezchuk representing Collett Capital.
Plaza Advisors is a Florida-based investment brokerage firm that specializes in the sale of retail shopping centers across the state. Collett Capital is a private equity real estate firm with more than $700 million in assets under management.
Forge Capital Partners, the new owner, has developed, acquired, and operated over $1 billion in commercial real estate through its affiliates over the past two decades.
