Brookwood Financial Partners Acquires Melbourne Shopping Center For $14.3M

Brookwood Financial Partners, represented by Thomas N. Trkla, has acquired the Melbourne Shopping Center in Melbourne, Florida for $14.3 million from Site Centers Corp, represented by David Lukes. The retail property, spanning 211,000 square feet, is anchored by Publix Super Market and features a 92.4% lease rate. It includes tenants such as Big Lots, Bealls Outlet, Dollar Tree, and Pizza Hut.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: $14,300,000
• Address: 1301 South Babcock Street, Melbourne, Florida
• Market: Melbourne

The deal was facilitated by JLL, with Danny Finkle, Eric Williams, and Jorge Portela representing Brookwood Financial Partners as brokers, and Andrew Gray and Ryan Parker representing them as mortgage brokers. The financing for the acquisition was provided by Berkshire Bank through a $15.8 million loan arranged by JLL Capital Markets.