MOUNT LAUREL, N.J. - Feb. 2, 2023 - PRLog -- Metro Commercial Real Estate, one of the nation's leading full-service, retail real estate services firms, today announced the brokering of a deal for BJ's Wholesale Club for a new West Palm Beach store. Metro worked with Alan Esquenazi and Russ Bornstein of Colliers International to facilitate this deal.
BJ's Wholesale Club, based in Westborough, Massachusetts, acquired the 9-acre West Palm Beach site from EYP West Palm LLC for $9.49 million, adjacent to Brands Mart USA. The site, located east of I-95 and Palm Beach lakes Blvd at 777 W. Executive Center Drive, is proposed for a 104,000 SF store, complete with a gas station and propane gas filling station. This would be BJ's Wholesale Club's third Palm Beach County location, with other stores in Royal Palm Beach and Boynton Beach.
"This is a deal we're extremely excited to announce. This is a highly strategic location in a very desirable trade area and a wonderful illustration of the site selection services that we provide throughout the state of Florida to our valued retailer clients such as BJ's Wholesale Club," said Rod Castan, EVP and Principal for Metro Commercial Real Estate in Florida.
Metro, through its National Tenant Representation Program, represents BJ's Wholesale Club nationwide.
About Metro Commercial
Metro Commercial is an industry leader in national, full-service retail real estate advisory services. Metro guides retailers and property owners toward innovative, data-driven, retail-related real estate solutions. Through its National platform, Metro provides local, regional, national, and international guidance to 140 retailers, and owners of 495 properties. It also offers full-service property management for 8.75 million square feet of retail space, along with a robust investment sales and development services arm. For more information on Metro Commercial's real estate services, visit www.metrocommercial.com.
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