The Northwood Village Shopping Center has a new owner with plans to rehabilitate the center and draw in new tenants to take advantage of the Walmart Supercenter that opened next door in February.
Forman Capital of Palm Beach recently bought the center for $1.7 million and has partnered with a developer that specializes in Walmart “shadow centers” for businesses that typically locate near the retail giant, said Dan Drotos of Bosshardt Realty Services Commercial and Land Division, who helped broker the deal.
“They made some traction with some national tenants already for the space,” he said. “They’re going to hit the ground running on doing a full face-lift and delivering a brand-new shell space to tenants.”