Boca Raton News

FROM STAFF REPORTS
Athan "Tom" Prakas, president broker of The Prakas Group, Inc., a real estate brokerage specializing in commercial transactions, restaurants and hospitality properties, has announced the completion of a sale in recent activity in Palm Beach County.

Prakas was exclusive broker for the following transaction: 290 East Atlantic, LLC has purchased a 10,000 square foot retail space located at 290 E. Atlantic Ave., Delray Beach, as an investment
property. The sale is valued at $4,094,700. The Prakas Group, Inc. represented both the buyer and the seller, Faison-Grove Square, LLC, a Charlotte, N.C. based company.

"This is the premier retail block in Delray Beach and includes two new hot restaurants, Cugini Grille and Vic & Angelo's Coal Oven Pizza. It is second to none in Palm Beach County," said Prakas.  The Prakas Group, established
in 2000, is on track to close more than $300 million in sales over a six-year period. Headquartered at 705 East Palmetto Park Road in

Boca Raton, The Prakas Group provides brokerage services for restaurant, nightclub and commercial properties throughout Palm Beach, Broward and Dade counties, and recently expanded into Orlando with an office there.  Clients of The Prakas Group include Taverna Opa, Buckhead Life Restaurant Group, Gusto's Grill & Bar, Burton Handelsman, MDN Properties, Rodney Mayo, Tarpon Bend Restaurants, Gotham City, Dave Manero Restaurants
and Mama Mia's, among others.

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