Meadows Square shopping plaza sold for $10.8M

A Boynton Beach shopping plaza anchored by a Publix supermarket was reportedly sold for nearly $10.8 million.

Meadows Square, a 10-acre site at 4071, 4791 and 4793 North Congress Avenue, was bought by G&I VIII Meadows Square, an affiliate of New York-based DRA Advisors, according to a published report.

There is a 95,607-square foot retail plaza on the property, along with a currently unoccupied 1,600-square-foot service station and a 10,945-square-foot office building, the South Florida Business Journal reported.

The seller, DDRM Meadows Square, an affiliate of Beachwood, Ohio-based DDR Corp., bought the site in 2007 for $3.4 million. [South Florida Business Journal] — William J. Gorta