Rising Tide, a car wash company that employs adults with autism, paid $1.5 million for the land at 2970 North State Road 7.

The company has plans to build a custom car wash, a project that will total about $5 million including land acquisition fees.

Sharon Dresser, High Street Retail USA

Sharon Dresser, High Street Retail USA

Mellion Realty represented the buyer, while High Street Retail USA  represented the seller, 2970 N SR7 LLC. It’s slated to open by early 2017, according to a press release. The company has been in Parkland since 2013. The new location is estimated to employ about 50.

Rising Tide will be on the corner of State Road 7 and Northwest 29th Street. The 1.48-acre site was listed for sale in 2012, according to a Loopnet listing. The seller is controlled by Sean Leder of the Leder Group, a Boca Raton-based investment and property management firm.

The property last sold for $775,000 in 2013.


Source:  The Real Deal