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The Real Deal Miami

SunTrust Bank parcel sells for $4.4M

February 10, 2011 10:14AM

A .94-acre parcel holding a new 3,798-square-foot SunTrust branch has
been purchased by LH Boynton Bank Building for $4.4 million. The land is
located at 9909 Hagen Ranch Road in Boynton Beach. CB Richard Ellis
represented the seller through the team of Dave Donnellan and Todd
Weintraub. “The market for single tenant net leased investments
continues to be a bright spot in the retail investment market, and this
transaction is further evidence of the strong demand for these
properties,” Donnellan said. TRD