BOYNTON TOWN CENTER SELLS FOR $59 MILLION IN FLORIDA

BOYNTON BEACH, FLA. — An affiliate of Sembler Co. has completed the disposition of Boynton Town Center on Congress Avenue in Boynton Beach. Canada-based Morguard Investments Limited acquired the property for $59 million. The 202,000-square-foot retail center is occupied by SuperTarget, Best Buy, Total Wine, Michaels, Shoe Carnival, Jos. A Banks, GameStop, Sweet Tomatoes, Five Guys Burgers, Massage Envy and LensCrafters. CB Richard Ellis' Florida National Retail Investment Group represented the seller in the transaction.