Delray Square II Delray Beach

Avison Young Secures JV Partner for Retail Center in Delray Beach

by John Nelson

DELRAY BEACH, FLA. — On behalf of Tremont Realty Capital, Avison Young has secured a joint venture operating partner for the existing ownership of Delray Square II, a 150,157-square-foot retail center. The new ownership is a joint venture between Tremont and Isram Realty Group. John Crotty and Joshua Ladle of Avison Young secured Isram, which will soon begin to lease up the property. Located at 14530-14590 Military Trail in Delray Beach, the value-add property was 40 percent leased at the time of the arrangement to tenants such as Planet Fitness, H&R Block, Subway and Express Docs Urgent Care. Built in 1987 on a 15.1-acre lot, Delray Square II features 700 parking spaces and is in a position to accommodate big-box tenants.

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