Becovic Management Co. Acquires Mixed-Use Property In Tallahassee For $95M

Becovic Management Co. has acquired a mixed-use property located at 850 S Gadsden Street in Tallahassee. The property was sold by North American Properties in a transaction facilitated by CBRE brokers Frank Carriera, Mike Regan, Joe Ayers, Cliff Taylor, and Mike Harrell. The sale took place on May 2, 2022, for a total price of $95,000,000.

Summary of transaction details

• Property Type: Mixed-use
• Transaction Amount: $95,000,000
• Address: 850 S Gadsden Street, Tallahassee
• Market: Tallahassee

The acquisition by Becovic Management Co. marks a significant investment in the Tallahassee market. The property's characteristics and exact square footage were not disclosed in the available information.