Marcus & Millichap Arranges Sale Of Publix-Anchored Shopping Center In Palm Bay, Florida

The property involved in this transaction is a retail asset located at 4707 Babcock Street Northeast in Palm Bay, Florida. The asset encompasses a total square footage of 135,049 and is situated on 12.3 acres of land. The shopping center is anchored by Publix, serving as a key retail feature in the area.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: Undisclosed
• Square Footage: 135,049 SF
• Acres: 12.3
• Address: 4707 Babcock Street Northeast
• Market: Palm Bay
• Brokers: Adam Sklaver, Tarek Chbeir & Philip Kates - Marcus & Millichap

Marcus & Millichap facilitated the sale of the Palm Bay Center, with the buyer committing to the construction of a new store for Publix. The private seller was represented by brokers Tarek Chbeir, Adam Sklaver, and Philip Kates, ensuring the transaction was managed by experienced professionals in the real estate market.