MHCommercial Real Estate Fund II Expands Space Coast Retail Portfolio With Merritt Island Acquisition
The 109,000-square-foot anchored retail center traded for $16,050,000.
The 109,000-square-foot anchored retail center traded for $16,050,000.
Partyka represented the Landlord in the lease deals.
In her new role, Calandrino will provide brokerage, investment and advisory services to clients with a focus on retail, office and mixed-use properties.
The lease was signed for a 15-year term.
The buyer plans to develop Orlando Infill Logistics Center on the 168.3-acre property, located on Wetherbee Road near Orlando International Airport.
The property boasts a 92.3% occupancy rate.
Mary Frances West, CCIM and Stian Funk represented the landlords in the transactions.
Ronald J. Rogg, CCIM represented the seller in the transaction. The transaction marks Rogg’s 59th flex sale representing over 9.0 million square feet and $1 billion in sales.
Black & Decker and Jet Optoelectronics USA will join FHIA, LLC as tenants at the business center.
The leases total more than 11,500 square feet.
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