Sprouts-Anchored Melbourne Retail Center Trades For $41 Million
The retail development is anchored by Sprouts Farmers Market and includes three newly constructed outparcel buildings.
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The retail development is anchored by Sprouts Farmers Market and includes three newly constructed outparcel buildings.
Calibrex Developments, in partnership with Southern Impression Homes, began construction in July 2026 with Phase I completion expected in 2028.
The Space Coast has emerged as a powerhouse for economic growth, driven by major employers within the aerospace, advanced engineering and defense sectors including NASA, SpaceX, Blue Origin, U.S. Space Force, L3Harris and Raytheon.
A longtime commercial property along West Princeton Street could give way to a new mix of apartments, townhomes and storefronts as development continues across Orlando’s 202-acre Packing District.
The newly developed retail property highlights continued investor interest in net-leased assets with national tenants.
JLL Capital Markets represented the seller in the transaction. The brokerage team included Cody Brais, John Huguenard, Luis Castillo, Taylor Osborne, David Orta Jr. and Mia Gian.
The Place at Alafaya will deliver 484 units across three four-story residential buildings and a standalone three-story clubhouse spanning more than 16,000 square feet.
The nearly fully occupied industrial complex spans more than 256,000 square feet near Florida’s Turnpike, U.S. 441 and Orlando International Airport.
Managing Director Matt Robbins and Senior Managing Director Mitch Sinberg, along with Managing Directors Brad Williamson and Scott Wadler and Vice President Hugo Hernandez of Berkadia Miami and Boca Raton, secured the financing on behalf of Boston-based Taurus Investment Holdings.
The 57,000-square-foot building is situated on 3.4 acres adjacent to Interstate 4.
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