**PEBB Enterprises Sells Delray Landing Shopping Center for $30 Million**
PEBB Enterprises, in a joint venture with Topvalco Inc., has sold Delray Landing, a neighborhood shopping center anchored by Sprouts Farmers Market in Delray Beach, Florida. The 70,000-square-foot retail property was acquired by 30 Realty LLC for $30 million.
Located at 5024–5070 W. Atlantic Ave., Delray Landing has undergone an extensive redevelopment under the stewardship of PEBB and Topvalco. The shopping center features a mix of national and local tenants, including Retro Fitness, Keke’s Breakfast Café, CJ’s Sports Bar & Grill, and Good Vets.
Eric Williams and Cole Frantz of Newmark brokered the transaction on behalf of the seller.
PEBB Enterprises has a long-standing connection with the property. The firm originally purchased the site—then known as Delray Commons—in 2003 and owned it for over a decade before selling it in 2015. Topvalco acquired it in 2018, and the firms partnered again in 2021 to revitalize and redevelop the center.
This marks the second time PEBB has sold the property in Delray Beach, as it continues to execute its investment and redevelopment strategy across the region.
