Brookwood Financial Partners Acquires Melbourne Shopping Center For $14.3M | 1301 South Babcock Street | Berkshire Bank | Jorge Portela, Eric Williams, Danny Finkle, Andrew Gray, Ryan Parker | Retail | Sale

Summary

Sale

FLORIDA

Retail

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.

Players

All
7

Agents
5
Agencies
1
Lenders
1

$379.3M Sold

$1.8B Sold

Senior Managing Director

$2.3B Sold

Andrew Gray

Director, Capital Markets

$14.3M Sold

$14.3M Sold

Details

Deal Summary

SOLD

IMAGE: Jorge Portela, David Lukes, Danny Finkle, Thomas N. Trkla, Eric Williams, Ryan Parker & Andrew Gray DATE: 12/20/2023 ADDRESS: 1301 South Babcock Street MARKET: Melbourne ASSET TYPE: Retail BUYER: Brookwood Financial Partners - Thomas N. Trkla SELLER: Site Centers Corp - David Lukes BROKERS: Danny Finkle, Eric Williams & Jorge Portela - JLL (@JLL) LENDER: Berkshire Bank (@BerkshireBank) MORTGAGE BROKERS: Andrew Gray & Ryan Parker - JLL SALE PRICE: $14,300,000 NOTE: Brookwood Financial Partners has purchased the 211,000-square-foot Melbourne Shopping Center in Melbourne, Florida, for $14.3 million from Site Centers Corp. The acquisition, financed by a $15.8 million loan from Berkshire Bank arranged by JLL Capital Markets, includes a renovated retail property anchored by Publix Super Market with a 92.4% lease rate, featuring tenants such as Big Lots, Bealls Outlet, Dollar Tree, and Pizza Hut.

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Address1301 South Babcock Street

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