CBRE Arranges Sale Of North Port, Fla., Retail Center for $5.3 Million

North Point, Fla. – North Point Commons features tenants such as Quest Diagnostics, LabCorp, Fantastic Sam's, RE/Max Anchor Realty and Center for Sight, and it is currently 86 percent leased.

North Point, Fla. – CBRE has arranged the sale of North Port Commons, a 42,497-square-foot retail center located in Sarasota County. Om Ventures of Tampa, Fla., acquired the property from Saber-North Port LLC for $5.3 million. Mark Shellabarger with CBRE Investment Properties represented the seller and Allen Henderson with CBRE Debt & Structured Finance arranged financing for the buyer. Ron Struthers and Howard Corr with Coldwell Banker Commercial NRT handled leasing and management for the seller and assisted with the sale.

North Port Commons was built in 2006 along North Port's "Miracle Mile" retail corridor on U.S. Highway 41 and includes one- and two-story retail buildings. The center features tenants such as Quest Diagnostics, LabCorp, Fantastic Sam's, RE/Max Anchor Realty and Center for Sight, and it is currently 86 percent leased.

— Scott Reid

 

 

 

 

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