REAL ESTATE

Florida center purchased at auction for $5.8 million

BY Al Urbanski

Transwestern announced it had closed the sale of the Marketplace of Port St. Lucie on behalf of the seller for $5.78 million. The 112,385-sq.-ft. property was auctioned on the RealInsight Marketplace platform.

“Investor interest was very strong for due to its high-profile location at the intersection of U.S. Highway 1 and Jennings Road along the market’s destination retail corridor,” said Transwestern Commercial Services director John Bell.

Marketplace is 85% occupied, with tenants including Aaron’s, Dollar Tree, The Nation Christian Academy, and CSL Plasma.

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