Freestanding building sold in Palm City

The 3,998-square-foot freestanding building located at 995 SW Martin Downs Boulevard in Palm City sold earlier this month. The property, located just west of the Palm City Bridge, was sold by Shaher Barghouthy. Douglas Legler of NAI Southcoast brokered the sale after an extensive seven-month marketing campaign.

“The new owners plan to substantially renovate this property in accordance with the goals of the CRA and the community,” Legler said. “This will, in turn, improve the appearance of this highly-trafficked gateway into Palm City.”

Virginia Avenue Plaza in Fort Pierce sold to local buyer

Virginia Avenue Plaza, located at 800 Virginia Avenue in Fort Pierce, has sold. The 53,000- square-foot neighborhood shopping center, previously owned by H & H, LLC, was sold to Virginia Plaza, LLC.

The property was listed for just three months before being placed under contract and closed within 45 days. Nikolaus M. Schroth of NAI Southcoast represented the seller and Bryan Grunbaum, also of NAI Southcoast, represented the buyer in the transaction.

The new owners have been locally involved in commercial properties for more than 30 years. NAI Southcoast, who has managed, leased and brokered commercial properties on the Treasure Coast for more than 30 years, will handle the management and leasing for the shopping center.

Spaces are available for lease. Please contact Bryan Grunbaum at 772-286-6292 for additional information.