Cushman & Wakefield Represents Sale Of 3.53 Acres In Palm Bay
The site is being developed into Shops at Palm Bay, a ±14,014-square-foot retail center slated for delivery in Q2 2027.
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.
Cushman & Wakefield’s Mike Davis, Rick Colon, Rick Brugge, and Dominic Montazemi represented EQT Real Estate in its sale of the fully occupied 546,820-square-foot building.
The shopping center totals 120,150 square feet and is 100% leased.
The acquistion marks the buyer’s first in Central Florida.
The 713,585-square-foot distribution center is fully leased to CVS Health Corp.
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