Forge Capital Acquires 73,000-Square-Foot Retail Center in West Palm Beach

Forge Capital, a growing name in commercial real estate investment, has just finalized the acquisition of a 73,000-square-foot retail center in West Palm Beach, Florida, signaling continued confidence in the region’s booming retail and mixed-use market.

The deal, which closed earlier this month, adds another substantial asset to Forge Capital’s expanding portfolio of retail properties in high-growth Sunbelt markets.

Property Details and Location

While the exact purchase price was not disclosed publicly, the newly acquired shopping center spans approximately 73,000 square feet and is strategically located in the heart of West Palm Beach, near major transit routes and densely populated residential neighborhoods.

The center features a diverse tenant mix, including national retail brands, local service providers, and quick-service restaurants, making it a high-traffic hub for both daily essentials and discretionary spending.

Why West Palm Beach?

West Palm Beach has become one of Florida’s most sought-after investment destinations in recent years. With its surging population growth, strong household income base, and year-round tourism, the city continues to attract institutional investors seeking long-term retail and mixed-use returns.

Forge Capital’s managing director commented on the acquisition, saying, “This asset aligns with our strategy of acquiring well-located, high-performing retail properties in dynamic markets. West Palm Beach offers incredible demographics and economic resilience, making it an ideal location for continued retail investment.”

What This Means for Local Residents and Tenants

The acquisition by Forge Capital could bring new capital improvements, tenant upgrades, and enhanced management services to the retail center. While no major redevelopment plans have been announced yet, sources suggest the firm may explore opportunities to modernize the center’s facade, improve landscaping, and possibly add EV charging stations or drive-thru components to meet modern retail demands.

Current tenants are expected to remain in place, with some lease renewals and expansions already reportedly in progress.

Looking Ahead

This acquisition adds to a wave of commercial property activity in South Florida, where institutional capital is increasingly flowing into retail and lifestyle centers. Forge Capital is reportedly eyeing other assets in the Palm Beach County area as part of a larger expansion plan through 2025 and 2026.