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.
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