PEBB Enterprises and Banyan Development have completed the sale of the Lowe's building at Shoppes at Southern Grove in Port St. Lucie's Tradition community. The transaction marks a significant commercial real estate deal in one of the city's fastest-growing master-planned communities.
Shoppes at Southern Grove serves as a retail hub in the Tradition community on the west side of Port St. Lucie. The shopping center includes the Lowe's home improvement store as a major anchor tenant alongside other retailers and service businesses.
PEBB Enterprises has been involved in numerous commercial development projects across Florida. Banyan Development has also completed multiple projects throughout the state, making this joint sale notable for the Port St. Lucie market.
The sale represents continued investor interest in Port St. Lucie's retail real estate as the city experiences ongoing population growth and commercial expansion. The Tradition community has been a focal point for residential and commercial development in St. Lucie County.