Apollo drops $34M on Palm Beach County shopping center

It’s leased to Publix, Ross and 24 Hour Fitness

TRD MIAMI /
Apr.April 09, 2019 03:30 PM

River Bridge Centre in Greenacres and Apollo Global Management CEO Leon Black

Apollo Global Management paid $34.5 million for a Publix-anchored shopping center in Greenacres, a small city west of Lake Worth.

Property records show Kitson & Partners affiliate MSKP River Bridge LLC sold the 112,470-square-foot shops at 6714 Forest Hill Boulevard and the 6,388-square-foot outparcel at 6868 Forest Hill Boulevard to AGRE River Bridge Owner LLC.

The property is also leased to Ross Dress For Less and a 24 Hour Fitness.

Kitson & Partners, a Palm Beach Gardens-based commercial and residential real estate firm, paid $66.75 million for the shopping center in 2007, records show. The property was developed in 1987 and totals more than 27 acres.

Apollo Global Management, one of the largest private equity firms, has more than $250 billion in assets under management as of the fourth quarter of 2018, according to its website.


Related Articles

arrow_forward_ios
27359 South Dixie Highway and Longpoint Realty Managing and Founding Partner Dwight Angelini (Google Maps)

Longpoint buys Fresco Y Mas-anchored center in Naranja

Longpoint buys Fresco Y Mas-anchored center in Naranja
Hard Rock Cafe at Bayside Marketplace (Hard Rock)

Bayside Marketplace sues to evict Bubba Gump, Hard Rock Cafe and three other tenants

Bayside Marketplace sues to evict Bubba Gump, Hard Rock Cafe and three other tenants
Commissioner Ricky Arriola and an aerial of Sunset Harbour in Miami Beach (Compass)

Miami Beach moves toward banning chain restaurants and stores in Sunset Harbour

Miami Beach moves toward banning chain restaurants and stores in Sunset Harbour
Diane Von Furstenberg, Brookfield Properties Bruce Flatt, and the DVF store in the Shops at Merrick Park (Getty, Google Maps)

Brookfield seeks to evict Diane Von Furstenberg at Merrick Park

Brookfield seeks to evict Diane Von Furstenberg at Merrick Park
Rendering of American Dream Miami, Triple Five Group chairman Nader Ghermezian

Triple Five “inching closer” to construction on American Dream Miami

Triple Five “inching closer” to construction on American Dream Miami
4402-4678 North University Drive, Todd Nepola

Miami Beach parking lot mogul sells retail center in Lauderhill for $13M

Miami Beach parking lot mogul sells retail center in Lauderhill for $13M
Mitchell Kaplan and Books & Books at 927 Lincoln Road (Google Maps) 

Books & Books closes its chapter on Lincoln Road

Books & Books closes its chapter on Lincoln Road
Diesel USA and Original Penguin Lincoln Road stores skipped April and May rent payments: lawsuit

Diesel USA and Original Penguin Lincoln Road stores skipped April and May rent payments: lawsuit

Diesel USA and Original Penguin Lincoln Road stores skipped April and May rent payments: lawsuit
arrow_forward_ios

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

Loading...