dBusinessNews

DELRAY BEACH, FL – Athan "Tom" Prakas, president/broker of The Prakas Group, Inc., a full service 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.

A. Tom Prakas was exclusive broker for the following transaction:

*290 East Atlantic, LLC has purchased a 10,000 SF retail space located at 290 E. Atlantic Blvd., Delray Beach, FL 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, NC 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 Tom Prakas.

The Prakas Group, established in 2000, is on track to close over $300 million in sales over a six-year period. Headquartered at 705 East Palmetto Park Road in Boca Raton, FL, 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 at 7380 Sand Lake Center to cover the booming Central Florida marketplace. Principals of The Prakas Group add depth to the firm's brokerage services with over 200 years of combined experience in the restaurant/nightclub industry as owner/operators. 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, just to name a few. For more information, contact The Prakas Group at (561) 368-0003, or visit the company's website at www.prakasgroup.com.

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