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Radiant Partners Nets Santa Rosa Mall for $52M

FORT WALTON BEACH, FL-The largest enclosed regional shopping center on the state's northwest Emerald Coast went for $52 million, or $69.33 per sf. Montgomery, AL-based Jim Wilson & Associates sold the 27-year-old, 750,000-sf property.

By Alex Finkelstein | Updated on August 09, 2003

FORT WALTON BEACH, FL-Ten miles west of the silver sands of Destin the 750,000-sf Santa Rosa Mall is now under new ownership.

Radiant Partners LLC of New York bought the largest enclosed regional center on Florida’s northwest Emerald Coast for $52 million, or $69.33 per sf. Montgomery, AL-based Jim Wilson & Associates sold the 27-year-old property which it developed in 1976, expanded in the mid-1980s and renovated in 2001.

Area retail brokers tell GlobeSt.com the selling price was “a bargain, considering the growth potential of this asset in this growing market.”

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