Noble Properties executes a new Lease with Oculina Bank

March 24,2016
For more information,
Contact:Brandon Woulfe 954-608-1768

Noble Properties is pleased to announce that they have executed a lease with Oculina Bank  in 1,750 square feet at Stuart Square Shopping Center located at the intersection of Monterey Road and US 1 in Stuart, Florida.   They will occupy the end-cap with two drive-thru lanes.

Oculina Bank was founded January 2, 2004 and is locally owned and managed.  It currently has 9 branches and is continuing to grow throughout the Treasure Coast.

Oculina Bank was named after a coral reef that parallels the Atlantic Shoreline of Florida from Fort Pierce to Cape Canaveral. The reef lies at depths of 200 to 300 feet, and is approximately 15 miles from shore. The reef contains the largest concentration of a beautiful, white tree-like coral named oculina varicosa, and soon became known as the “oculina bank.” Discovered by Harbor Branch Oceanographic scientist John Reed in the 1970s, the oculina bank is one of the largest coral reefs in the world. Certainly, the oculina bank is one of the most important nurturing and spawning sites for all species of marine life along the Atlantic Shoreline.

Noble Properties is a fast growing, privately owned, Real Estate Investment Company.  Noble Properties was founded in 1992 and acquires and manages Anchored Shopping Centers, Medical Office Buildings and Net Leased Properties.  Noble Properties is actively seeking these property types throughout the United States.  Our portfolio boasts an occupancy rate of 92 percent.  All properties are well maintained and provide excellent value for our tenants.

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