CenterSquare Investment Management (CenterSquare) recently took over the management of HSBC Plaza, a 46,000 square foot service property located at the corner of Yamato Road and U.S. Highway 441 in Boca Raton. As part of its investment, CenterSquare plans to renovate the facility to improve its presence in the market. Enhancements slated for the next six months include new signage, painting and landscaping. Part of the renovations will consist of a new name for the property; the Shoppes at Yamato Corner.
“We are extremely excited for the opportunity to further upscale a well-regarded neighborhood property that serves the Boca Raton community in so many essential ways,” says CenterSquare’s Senior Vice President, Robert Holuba. “Customers should expect an experience that combines significant visual appeal with the utmost convenience they have come to expect from today’s service providers. We look forward to growing our relationships with existing tenants and welcoming new businesses to the Shoppes at Yamato Corner.”
Existing tenants at the center include CVS Pharmacy, MedExpress Urgent Care, Sage Dental, West Boca Veterinarian Center, Studio Salon Bar, The Studio Massage Bar, Dunkin Donuts, Jimmy Brooklyn’s Pizza Parlor and Gary Woo Express.
Douglas K. Mandel, executive Managing Director with Marcus & Millichap facilitated the sale on behalf of the owner, a private investor based in Montreal, Canada. Businesses interested in future tenancy should contact Nicole Fontaine (561-869-4350) or Leandro Pereira (561-869-4340) at Katz & Associates.