The confectionary manufacturer will be located at the former Guardian Life property, owned by JG Petrucci, to manufacture chocolate stuffed marshmallows and plans to make significant improvements to the property.

2019 had the second-highest Q3 investment volume on record after Q3 2018's $153.2 billion, according to CBRE.

The property at 8595 Beach Blvd. is anchored by Rowe's IGA Supermarket, Planet Fitness and the Armed Forces Career Center. Built in 1991, the property is 94% occupied and will be rebranded by the new ownership as Gates of The Promenade Shopping Center.

There has been a drastic shift from the traditional on-campus hospital setting into outpatient facilities within communities, says R.J. Sommerdyke of Meridian.