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 .
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