Archive for September, 2014
NAI Global released Dr. Peter Linneman’s most recent white paper. The topics included by this paper include:
- Is it the growth that fuels U.S. real estate development? Why?
- Why does the U.S. still have tremendous growth potential due to pent-up demand?
- Why do large cities tend to be attractive?
- What is the single most important factor in determining future population growth?
Please click here to view and download the white paper, “Where Will U.S. Population Growth Occur? A Glimpse at 2020 and 2030″.
West Palm Beach, Fla. – NAI/Merin Hunter Codman, Inc., one of South Florida’s leading commercial real estate services firm, today announced that it negotiated the sale of a big-box retail building in northern Palm Beach County, the former Carl’s Furniture, to Bass Pro Outdoor World for $5.5 million. The 76,000 square-foot building is situated in a prime location on US 1, close to the waterfront, marinas, and some of Palm Beach County’s most affluent residential communities. Bass Pro is the nation’s leading outdoor retailer and well known in Florida as a place to gear-up and learn skills for adventures in the great outdoors. The new Bass Pro site, in North Palm Beach, will be its first in Palm Beach County and adds to nine company locations in Florida. Details on plans for the new location have yet to be disclosed. Carl’s Furniture, once among the top 100 furniture retailers in the US, filed for bankruptcy in 2011. The sale of its landmark building continues the trend of adaptive use of former big-box buildings.
“This is an ideal location for Bass Pro,” said Spencer Grossman, Director at NAI/Merin Hunter Codman. “Northern Palm Beach County has solid economic growth, high-income household formation, and a plethora of outdoor adventure opportunities.” Grossman and Neil Merin, Chairman of NAI/Merin Hunter Codman, represented property ownership in the sale.
Read the full press release here.
NAI/Merin Hunter Codman Leases Microbrewery Space in Palm Beach Gardens as Microbrewery Movement Explodes in Florida
West Palm Beach, Fla. – NAI/Merin Hunter Codman, Inc., one of South Florida’s leading commercial real estate services firm, today announced that it has finalized a lease for Twisted Trunk, a microbrewery affiliate of Tequesta Brewing Company, for more than 5,700 square feet of space at City Centre. City Centre is a mixed-use office/retail center in Palm Beach Gardens, Florida. The announcement points to the exploding microbrewery movement in Florida now taking hold in Palm Beach County. The Brewers Association notes that there are more than 90 microbreweries/brewpubs currently in the planning stages statewide in Florida, which will more than double the current number of approximately 90. Tequesta Brewery was among the early microbreweries to open in Palm Beach County, and its growing popularity led to Twisted Trunk — named after the enormous banyan trees that mark the original entrance to the city of Palm Beach Gardens.
“A microbrewery is a strong draw for consumers these days, and represents an excellent addition to a mixed-use center,” said Steve Paige, Managing Director at NAI/Merin Hunter Codman. “Twisted Trunk will have a prime location at one of the most visible intersections in Palm Beach County.”
To read the rest of the Press Release, click here. And don’t forget to stop by Twisted Trunk to enjoy a cold one!