Sleiman Enterprises acquires Delray Square shopping center in Florida

Sleiman Enterprises, a Florida-based real estate company, has acquired the Delray Square shopping center in Palm Beach County, South Florida.

The 160,000sft shopping and dining destination houses Publix, Hobby Lobby, Walgreens, Chick-fil-a, Chipotle, and others.

Recently, Publix had relocated on-site to a newly built 45,600sft store, while Hobby Lobby had signed a long-term lease and is scheduled to open a store in the coming months.

Constructed in 1976, the Delray Square shopping center had undergone a major redevelopment, which was completed in 2019. Following the redevelopment, its occupancy is said to be 96%.

Sleiman Enterprises acquires Delray Square shopping center in Palm Beach County, South Florida. Photo courtesy of Business Wire.

Toney Sleiman — President of Sleiman Enterprises said: “Purchasing Delray Square is an exciting opportunity for Sleiman Enterprises as we continue to acquire first class grocery anchored shopping centers across the southeastern United States.

“Since 1976, Delray Square has served the Delray Beach and Palm Beach County community and we are excited to be part of its future and continue the tradition of providing the best grocers, retailers, and dining.

“The 2019 redevelopment and the relocation and signing of Publix and Hobby Lobby, respectively, are just the beginning of transforming Delray Square into the destination this community deserves.”