The properties are being offered for sale together or individually. Cushman & Wakefield Managing Director Virgilio Fernandez is leading the marketing effort on behalf of Devaney.
The price equates to approximately $190 per square foot.
Cushman & Wakefield’s Michael A. Mele, Luke Elliott, Greg Wells and Anthony Licari represented the seller in its transaction with Merit Hill Capital.
He joins Cushman & Wakefield from Link Logistics, where he led leasing strategy and portfolio performance across Central and North Florida.
The site is being developed into Shops at Palm Bay, a ±14,014-square-foot retail center slated for delivery in Q2 2027.
The 94%-leased center is anchored by Publix and CVS and included an outparcel ground leased to McDonald’s and an undeveloped .58-acre outparcel located at the hard corner.
Cushman & Wakefield Vice Chairs Mike Donaldson and Nick Meoli and Managing Director Greg Rainey represented the seller in its transaction.
The site, located in Christopher C. Ford Commerce Park, is zoned for industrial development and ideally suited for small-bay development.
Cushman & Wakefield’s Jared Bonshire, David Perez, Taylor Zambito and Ryan Hubbard represented Stonemont in the lease negotiations.
The four-building logistics asset totals 712,145 square feet.
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