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.
For an irreverent look at the ups and downs of the retail industry, check out Counter Culture authored by GlobeSt.com Editor, Ian Ritter.
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.