ORLANDO — Mark Thompson, managing director at Crossman & Company one of the largest retail leasing, management and investment sales firms in the Southeast, recently negotiated the sale of Pearl Britain Plaza in northeast Ocala.
Thompson, who represented the Seller Pearl Britain Development of Troy, MI, said the 82,216 square foot Publix-anchored center and its 18.5-acre site, was sold to a private investor out of Coral Gables for $4,436,300.
“This was a unique value-added Publix with 70 percent vacancy in the shop space. Our campaign process generated over 100 authorized confidentiality agreements and several offers for the property,” said Thompson. “A private investor from South Florida delivered a non-refundable day-one offer to close the deal.”
Pearl Britain Plaza is one of three shopping centers Thompson sold over the past 60 days in Central Florida totaling more than $11.88 million and 150,000 square feet. The 21,600 square foot Publix Shadow, Shoppes at Andover in Orlando was sold for $4,900,000 and the 46,177 square foot Plaza Del Sol on SR 434 in Longwood sold for $2,550,000.