NGKF Arranges $33M Sale Of Merritt Square Mall In Merritt Island

Sep 26, 2016 No Comments by

NGKF Capital Markets arranged the $33 million sale of Merritt Square Mall, an 811,277-square-foot regional mall located at 777 E. Merritt Island Causeway in Merritt Island.

Macy’s, Sears, Dillard’s, JC Penney and Cobb Theatres anchor the mall, which is also home to tenants including Bath & Body Works, Kay Jewelers, Rue21, Finish Line, Victoria’s Secret and Journeys.

Thomas Dobrowski of NGKF represented LNR Partners and John Mitchell in the sale of the property to Mason Asset Management and Namdar Realty Group.

The property was 95.7 percent leased at the time of sale.

 

Source:  REBusiness

 

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Industry News, NA, Retail
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