Myron Vogel buys Okee Square center in West Palm

The property, which sold for $18.4M, is anchored by Advance Auto Parts, Michael’s and Staples

Miami /
Jun.June 06, 2018 03:30 PM

Okee Square

The Okee Square shopping center in West Palm Beach just sold to a Boca Raton real estate investor for $18.4 million.

Myron Vogel purchased the 124,000-square-foot center at 2015 Okeechobee Boulevard for about $148 per square foot from a New York-based company owned by Itzhak Ashkenazy and Jonathan Agus. Ashkenazy and Agus bought the property for $14.5 million in 2006.

The shopping center consists of about 103,690 square feet of inline space as well as two out parcels – a 16,010-square-foot Rooms To Go Kids and a 4,300-square-foot PDQ Restaurant. It is near I-95 and includes 575 feet of frontage on Okeechobee Road.

Okee Square is anchored by Advance Auto Parts, Michael’s and Staples, which account for 62 percent of the total rentable square footage, according to Marcus & Millichap’s Wolfe Retail Group. Advance Auto Parts recently signed a 10-year lease in July of 2017, and both Staples and Michaels recently extended their lease terms until 2022 and 2023. Vogel said is looking to find a national tenant to fill a vacancy left by Bed Bath & Beyond.

Vogel owns another shopping center, Crosstown Plaza at 2895 North Military Trail, which is anchored by a Publix and said he also owns property in Delray Beach.

Marcus & Millichap’s Douglas K. Mandel, Elon D. Gerberg, Barry M. Wolfe and Alan Lipsky brokered the deal.


Related Articles

arrow_forward_ios
Babak Ebrahimzadeh with The Contemporay
Babak Ebrahimzadeh proposes West Palm office project
Babak Ebrahimzadeh proposes West Palm office project
From left: Isaac Toledano, Teddy Sagi, Jorge Pérez and Michael Masanoff with a rendering of Transit Village (Related, LinkedIn, Rendering via Arquitectonica)
Pérez and Sagi’s Transit Village in WPB advances
Pérez and Sagi’s Transit Village in WPB advances
Terranova’s Stephen Bittel with 93 Miracle Mile
Terranova plans retail-and-office project on Coral Gables’ Miracle Mile
Terranova plans retail-and-office project on Coral Gables’ Miracle Mile
From left: CIM Group’s Shaul Kuba; Miami Worldcenter Associates' Nitin Motwani and Art Falcone; Miami Worldcenter (Miami Worldcenter Associates, CIM Group)
Lease roundup: Miami Worldcenter, Banyan Street nab tenants
Lease roundup: Miami Worldcenter, Banyan Street nab tenants
Back to school: Aging college campuses draw developers
Back to school: Aging college campuses draw developers
Back to school: Aging college campuses draw developers
Ytech's Yamal Yidios with 1500 Brickell Avenue
Ytech buys historic Brickell château, plans restoration
Ytech buys historic Brickell château, plans restoration
50 and 60 Northeast Third Street and 222 and 234 Northeast First Avenue (Google Maps)
Namdar pays $41M for downtown Miami apartment towers dev site
Namdar pays $41M for downtown Miami apartment towers dev site
Palm Beach County
Estate proposes 321 apartments in downtown West Palm
Estate proposes 321 apartments in downtown West Palm
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...