Jeremiah Baron & Co Successfully Completes Acquisition of Marketplace Plaza, with Exciting Plans for Revitalization
Port St. Lucie, FL – Jan 16 ,2024
Jeremiah Baron & Co, a leading real estate firm, proudly announces the successful acquisition of Marketplace Plaza, a prominent shopping center located at 10230—10368 US Highway 1, Port St. Lucie, FL 34952. The transaction, valued at $11 million, marks a strategic move by the company to rejuvenate this plaza, which has been a cornerstone of the community for decades.
Constructed in 1997, Marketplace Plaza spans an impressive 114,595 square feet across 12 acres. With a rich history and a prime location, the plaza is poised for a transformative facelift that will breathe new life into the retail landscape.
Jeremiah Baron & Co envisions a vibrant future for Marketplace Plaza, backed by a $2 million investment earmarked for a comprehensive revitalization. The focal point of this endeavor is the introduction of Crunch Fitness as the anchor store, adding a dynamic element to the shopping experience. This strategic move is expected to not only enhance the plaza's appeal but also attract other national tenants.
Alongside existing tenants like Aaron’s, Dollar Tree, and CSL Plasma, Crunch Fitness is set to play a pivotal role in the plaza's evolution. The infusion of these exciting changes aims to create a modern and inviting retail environment, contributing positively to the overall rejuvenation of the plaza and its surrounding real estate.
This strategic acquisition and revitalization initiative aligns with Jeremiah Baron & Co's commitment to enhancing community spaces and fostering economic growth. The company looks forward to creating a renewed and thriving Marketplace Plaza that will serve as a destination for both residents and visitors alike.