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Robert S. Hunter and Leo Reilly, investment specialists in Marcus & Millichap’s Fort Lauderdale office, had the exclusive listing to market the property on behalf of the Seller.
The 211,006-square-foot retail center was 92.4 percent leased at the time of sale.
Patrick Nutt, William Wamble and Robert Dillard of SRS represented the seller in the transaction.
Future phases in Ocala South Logistics Park will bring 1.4 million total square feet of Class A, dock-high industrial space to a 93-acre parcel in the Florida Crossroads Commerce Park.
CrossMarc Services will handle leasing and management functions for the retail center.
The deal was part of a four-commercial-property acquisition in Florida and Texas, as well as the refinance of two of its current commercial properties in Florida. The complex transaction, which totaled $220 million, closed on November 30.
The project will total 900,000 square feet.
The 362,710-square-foot flex property was formerly Orange Blossom Mall.
On July 15, Basis Industrial broke ground on the 126,741-square-foot, state-of-the-art self-storage facility featuring 955 climate-controlled units, advanced security systems, and other amenities.
Williams will oversee and grow the firm’s several business lines in the Orlando market, including insurance, investment sales, capital advisory, leasing, project management and property management.
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