Richard Greer And Neal Shalom Of Waterstone Properties Group Acquire Retail Asset For $78.5M

The retail asset located at 205 Palm Bay Road Northeast in West Melbourne, Florida, has been transacted with a sale price of $78,500,000. The property encompasses a total area of 345,568 square feet, resulting in a price per square foot of $227.

Summary of transation details:

• Property Type: Retail
• Transaction Amount: $78,500,000
• Buyer: Richard Greer & Neal Shalom - Waterstone Properties Group
• Seller: CBL Properties & The Benchmark Group
• Brokers: Sam Koonce & Justin Smith - Atlantic Retail

The transaction features Richard Greer and Neal Shalom representing Waterstone Properties Group as the buyers of the asset. CBL Properties and The Benchmark Group acted as the sellers in this retail transaction. The brokerage team of Sam Koonce and Justin Smith from Atlantic Retail facilitated the deal.