Camilo Varela And Howard Levine Of Second Horizon Capital Acquire Melbourne Square Mall For $56.25M

The asset involved in this transaction is the Melbourne Square Mall, located at 1700 West New Haven Ave in the Melbourne market. The property is categorized as retail, comprising a total area of 703,000 square feet. It was acquired for a sale price of $56,250,000, which equates to approximately $80.01 per square foot. The mall, built in 1982 and renovated in 2000, features major tenants such as Dillard's, Macy's, and JCPenney.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $56,250,000
• Square Footage: 703,000
• Address: 1700 West New Haven Ave
• Market: Melbourne
• Buyer: Camilo Varela - Second Horizon Capital
• Buyer: Howard Levine - Second Horizon Capital
• Seller: Christopher Conlon - Washington Prime Group

In this transaction, Second Horizon Capital was represented by Camilo Varela and Howard Levine. The seller, Christopher Conlon, represented Washington Prime Group, which has been actively selling its assets.