APC US Pineda Commons LP Acquires Retail Center In Melbourne For $41.34M From David S. Coia

The property involved in the transaction is a newly built grocery-anchored retail center located at 5165 North Wickham Road in Melbourne, FL. The retail center was sold for $41,340,000 and includes a plaza anchored by Sprouts Farmers Market, as well as three newly constructed outparcels in the market. The investment reflects ongoing activity in the retail sector within Brevard County.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $41,340,000
• Buyer: APC US Pineda Commons LP
• Seller: David S. Coia - Barclay Group
• Financing Amount: $18,600,000 mortgage

The buyer, APC US Pineda Commons LP, is based in Toronto and executed the acquisition to enhance their portfolio in the retail market. The seller, David S. Coia, represents the Barclay Group in this sale, facilitating a significant transaction in a rapidly developing area.