PEBB Enterprises Finalizes Several New Leases at Delray Landing
PEBB Enterprises is generating significant leasing activity at Delray Landing, the Sprouts-anchored shopping center the company is redeveloping in Delray Beach. Retro Fitness and Crown Wine are among the notable new tenants to sign leases at the center, which is located on the prime intersection of West Atlantic Avenue and Military Trail.
Retro Fitness is set to occupy 17,299 square feet at the center, with Crown Wine leasing a 4,100 square-foot space. Other newly signed tenants include Keke’s Breakfast Café, which leased 4,200 square feet, and a 1,500-square-foot dentist’s office.
These tenants are set to join the brand-new Sprouts and existing Burger King and Taco Bell locations at the center. A grand reopening event is expected to be held this summer.
“Our leasing team is doing an excellent job creating momentum for what will be a true Class A retail destination in Central Delray,” said Chris Stewart, PEBB’s Executive Vice President, Head of Leasing. “This dynamic group of new tenants perfectly complements the center’s strong grocery anchor and fills a need for additional service-oriented retail and dining options in the neighborhood.”
PEBB acquired the 5024-5070 W. Atlantic Ave. center in June 2021, in a joint venture with Cincinnati-based Topvalco Inc. The ongoing redevelopment includes a new façade, roof, parking lot, site lighting, signage and landscaping. The carefully planned project is expected to be a major catalyst for the Central Delray area and serve as a focal point for members of the community to gather, shop and dine.
The company previously purchased Delray Landing (formerly known as Delray Commons) in 2003 and were long-term owners until a 2015 sale. Topvalco purchased the property three years later.