oral Gables – The Allen Morris Company, a full service real estate firm specializing in commercial properties and multi-family developments, has arranged the sale of St. Lucie Square, a 20,000 square-foot shopping center located at 10921 S. US Highway, Port St. Lucie, Florida. A private investor purchased the property from Westwood Financial Group for $3,750,000. The shopping center is fully occupied to tenants including Metro PCS, Payless Shoes, GameStop and Radio Shack. Bill Bailey and Thad Adams, Senior Vice Presidents with Allen Morris represented the Buyer. Anthony Blanco with The Shopping Center Group represented the Seller.
“We are pleased to have located a stabilized shopping center with credit tenants that provided our buyer with the preferred returns it required,” states Mr. Bailey.
About The Allen Morris Company
The Allen Morris Company is one of the largest real estate firms in the Southeast U.S. specializing in commercial and residential development, leasing, property management, and brokerage. With offices in Miami, Coral Gables, Fort Lauderdale, Orlando, and Jacksonville, The Allen Morris Company has served its business and investment clients for over 55 years.