Brookwood Expands Florida Portfolio With Acquisition Of Melbourne Shopping Center

Brookwood Financial Partners, LLC, a nationally-recognized private equity investment firm, announced that it has recently acquired the Melbourne Shopping Center, a 211,006-square-foot, Publix-anchored retail shopping center located at 1301-1441 S. Babcock Street between Hibiscus Boulevard and Bulldog Boulevard in Melbourne.

The property has been a staple in the community since its construction in 1959. In 2022, it underwent an extensive renovation and is currently 94.2% occupied. In addition to Publix, the Property contains a diverse tenancy, including Big Lots, Beall’s Outlet, CATO, Conn’s, Club 4 Fitness, Dollar Tree, and Pet Supermarket.

Brookwood has a long and successful track record of investing in the state of Florida. Since its founding in 1993, Brookwood has acquired 39 properties totaling over 3.3 million square feet, including CBD and suburban office buildings, mixed use and flex properties, and grocery-anchored shopping centers as well as 1,360 residential building lots. In total, Brookwood has invested over $441 million to acquire properties with a realized sale or current value of over $620 million.

Given the continued strength and demographic growth of the state of Florida, its attractive individual and corporate tax rates, low cost of living, and business friendly climate, Brookwood intends to increase its holdings in the state in the coming years.

JLL Capital Markets facilitated the sale and financing of the property.