The Renaissance Commons shopping center in Boynton Beach has sold for $18.2 million to Cohen Commercial Properties.
The seller was Wells Fargo affiliate Redus One LLC, which took title to the property after foreclosure. Dan Coyle, Stiles Realty director of retail services, represented the seller and buyer. Stiles has been managing the property since Wells Fargo foreclosed in 2014.
Renaissance Commons shopping center is a 62,573-square-foot property on the corner of Congress Avenue and Gateway Boulevard. The center includes Bonefish Grill, Starbucks, Village Tavern Restaurant and AT&T. The property is 80 percent leased and features a new tenant, Strep’s Restaurant.
The shopping center is surrounded by office condos, office rentals and a self-storage facility.
The property was developed by Boca Raton-based Compson Associates.