Menin Development buys downtown Delray Beach retail properties – South Florida Business Journal
An affiliate of Menin Development acquired the George Buildings, a retail strip in bustling downtown Delray Beach, for $19.5 million.
Marcus & Millichap’s Howard Bregman represented seller Abeleina Properties, managed by Robert A. George in Fort Lauderdale. The property has belonged to the George family for about 100 years.
“The offering attracted a great deal of interest from local, regional, national and international retail property investors,” Bregman said in a news release. “The buyer was chosen as the best custodian for the assets and to carry the George family legacy into the future.”