Marcus & Millichap Brokers $17 Million Sale of Cypress Key Shoppes in Royal Palm Beach

Reuters12-16
Marcus & Millichap Brokers $17 Million Sale of Cypress Key Shoppes in Royal Palm Beach

Marcus & Millichap Inc. has announced the sale of Cypress Key Shoppes, a 26,000-square-foot multi-tenant retail center in Royal Palm Beach, Florida, for $17 million. The property, completed in 2024 and fully leased to national and regional tenants such as Chipotle Mexican Grill, Mission BBQ, and Verizon Wireless, was marketed by Marcus & Millichap's Fort Lauderdale team on behalf of City Construction & Development. The buyer was Curbline Properties Corp. The center features a contemporary design, nearly 900 feet of frontage along a major corridor, and serves a dense, affluent residential area, highlighting investor confidence in Palm Beach County's retail market.

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