MHCommercial Real Estate Fund II Acquires Grocery-Anchored Retail Center On Florida’s Space Coast
The property boasts a 92.3% occupancy rate.
The property boasts a 92.3% occupancy rate.
The acquisitions total 150 acres.
Senior Vice President Louie Granteed represented the landlord in the transaction and exclusively handles all retail and restaurant leasing at the property.
The asset sold for $11.5 million.
Mary Frances West, CCIM and Stian Funk represented the landlords in the transactions.
She will partner with Rick Solik and Matthew McKeever on the office services team and focus on tenant representation.
JLL represented the seller, Galium Capital, and procured the buyer, Duvalla Investments.
The project, backed by a $45 million investment, will feature 392 modern apartments as well as approximately 53,000 to 55,000 square feet of commercial space, including retail shops, diverse dining options, and offices.
John Huguenard, Luis Castillo, Cody Brais, Taylor Osborne and David Orta Jr. of JLL represented the seller, Scannell Properties, in the transaction. Goldman Sachs Alternatives was the buyer.
Dr. Phillips Charities President and CEO Ken Robinson revealed that one entire floor—about 10,000 square feet—will be set aside for nonprofit organizations, offered at below-market rents to foster innovation and impact.
CRE-sources, Inc. is committed to ensuring that individuals with disabilities can access all of the goods, services, facilities, privileges, advantages, and accommodations that we offer through our website.If you are having trouble accessing the website, please call us at 954.290.3866 for assistance.