The Hispanic supermarket chain, which has four other stores, has signed a 20-year lease for 24,000 square feet at the Biscayne Plaza Shopping Center. The deal is valued at $2.4 million.
Another store, at 5011 Broadway in West Palm Beach, is undergoing renovations, according to owner Rafael Castro.
As part of the deal, Sabor Tropical has to renovate the interior no later than January 2012, according to a news release from Terranova Corp., whose Executive VP Mindy McIlroy brokered the deal.
The store is open, and renovations will take place in the evenings while the store is closed.
Castro said he opened his first store four years ago and has been expanding with new ones. He said there’s a lot of work to be done at his newest location, but he’s planning to do it “little by little.”
There will be a seamless transition between President and Sabor Tropical, so there will be no impact to the community,” McIlroy said in a news release. “This is the first step in the right direction for the redevelopment of this community shopping center.”
By: Susan R. Miller
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