VERO BEACH, FL—The Shoppes at Vero Mall, a 13,000-square-foot retail strip center in Vero Beach, FL, has traded hands. The property was 79% occupied at the time of sale.
Greeley Retail Partners, LLC of San Francisco acquired the property for $2.45 million, or $186.54 per square foot, from IRM Milan Investments, Inc., of Vero Beach. The retail center is located at 6480 20th Street, Vero Beach, Florida.
CBRE vice president William Strauss represented the seller. Mattress Firm, the leading mattress retailer in the United States, occupies about 50% of the gross leasable area.
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