Joint-venture partners, PEBB Enterprises and Banyan Development have secured a contract to acquire 15 acres of land for the development of a grocery-anchored shopping center within the master-planned community, Tradition, in Port St. Lucie, FL.
Upon closing the acquisition, the partnership plans to construct a 71,000-square-foot neighborhood shopping center, titled the Shoppes @ the Heart of Tradition. The partners are currently in discussions with potential grocery tenants for the development.
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