AT THE MARKETPLACE AT PORT ST. LUCIE DEVCON ENTERPRISES SIGNS KEISER COLLEGE TO A 48,466 S/F 10-YR LEASE

PORT ST. LUCIE, FL:  Devcon Enterprises, Inc. of West Hartford has signed Keiser College to a 10-year lease at The Marketplace at Port St. Lucie.  Keiser College joins an already diverse tenant mix at the center.

Keiser College was founded by the Keiser family in Fort Lauderdale in 1977.  Still calling Fort Lauderdale home, with 13 campuses throughout Florida, and still run by the Keiser family, the College offers degrees in high-demand fields in medical, business, computer technology, and legal disciplines.  Accredited by the Southern Association of Colleges and Schools to award the Associate’s Degree and Bachelor’s Degree, Keiser offers small class sizes and scheduling that accommodates working adults across its 13 campus locations totaling over 8,200 students

The 48,466 s/f location will provide student classrooms for instruction and state of the art offices for teaching staff which will surely benefit the students of the college.  Keiser College is a proven success in the market having operated in a much smaller space just north of this location for many years.  Their success at that location paved the way for expanding into a larger space at this center.   

Construction is set to begin in the second quarter of this year with an anticipated opening by the third or fourth quarter of 2006. This school will occupy the anchor location and will bring the shopping center's occupancy to back to its historical 100% level, which it has maintained since Devcon developed the center in 1998.  The Marketplace at Port St. Lucie is one of the premier retail centers in town given its strategic ground zero location in the heart of the city located at the intersection of U.S. Route 1 and Port St. Lucie Boulevard. 

Keiser College will compliment a tenant roster that is already impressive in both credit and diversity.  National tenants include Dollar Tree, Aaron Rents, Hollywood Video, HealthSouth Corporation, Wendy’s Hamburgers, Friedman Jewelers, The UPS Store, Bon Worth, Huntington Learning Centers, Cici’s Pizza and Supercuts.  Regional tenants include Goodwill Boutique, Cash Plus, Hospice of Martin County, Oxford Academy and World Savings Bank.  Several local tenants include C & C Insurance, Double Dragon Restaurant, K-Nails and Donna’s Drop-off Laundry Service.  

For more development, acquisition or leasing information on any of Devcon’s properties, please contact J.R. Cody III from Devcon Enterprises, Inc. at (860) 521-6999.