The plazas total 102,735 square feet.
SRS National Net Lease Group represented both the seller and buyer in the transaction.
Infinity Properties is one of Florida’s top buyers for light industrial flex product, acquiring 27 buildings and over $75,000,000 worth of deals in 2021.
The purchase price equates to $462 per square foot.
The asset contains a diverse mix of national, regional and local tenants, with its national tenants representing 61 percent of its revenue.
The project will include 330 residential units, more than 15,000 square feet of commercial space and 145 boat slips, as well as dockside restaurants and a tiki bar.
The firm has already hired more than 50 new agents to serve the local market.
Lamar Companies in a venture with Real Capital Solutions acquired the 204,185-square-foot asset.
Avanti Way Capital, through the entity, Lake Mary Retail, LLC, purchased the 4.6-acre site from Miami-based real estate investment firm, Gallium Capital.
The project is currently under construction and anticipated to open in 2023.
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