Parkway Plaza Retail Strip Center has New Owner
PORT ST. LUCIE, FL-Old Royal LLC, a private investment group based in West Palm Beach, has bought Parkway Plaza, a 42,739-square-foot retail center in Port St. Lucie, for $1.8 million from Quality Properties Asset Management Company in Baltimore. The group paid $42.12 per square foot for the retail strip center.
The multi-tenant retail center, situated at 6500 Selvitz Road, was 39% leased at the time of closing. William Strauss of CBRE marketed the center for the seller. For the full story, go to South Florida Business Journal .
GlobeSt.com News Hub is your link to relevant real estate and business stories from other local, regional and national publications.
Register now for the GlobeSt.com Retail Alert. Your one-stop shop for retail news and analysis.
You can now be notified via email if this story is updated by clicking on the "Follow this Story" link. You must be a registered member to take advantage of this "members only" benefit.