Spruce Creek Holdings Sells 42203 Square Foot Retail Property In Summerfield For $13.5M

Spruce Creek Shoppes, a retail property located at 17860 Southeast 109th Avenue in Summerfield, has been sold for $13.5 million. The property features a total area of 42,203 square feet, with a price per square foot of $320. The retail center is currently 80% leased to a mix of restaurant, medical, and service-oriented tenants, reflecting strong demand in the Central Florida region.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $13,500,000
• Square Footage: 42,203
• Price per Square Foot: $320
• Address: 17860 Southeast 109th Avenue
• Market: Summerfield
• Seller: Spruce Creek Holdings
• Brokerage: Colliers
• Brokers: Tommy Isola, Harry Blyden & Billy Weiser

The deal involved Spruce Creek Holdings as the seller, with the transaction brokered by Tommy Isola, Harry Blyden, and Billy Weiser from Colliers. The property’s strong leasing to various tenants aligns with the increases in demand observed in Central Florida’s retirement-driven retail market.