Jones Lang LaSalle Incorporated : Fully leased Pensacola retail center sells for M
ORLANDO, June 27, 2022 -JLL Capital Markets announced today that it has closed the $16 million sale of Village Oaks, a 166,245-square-foot, fully l...
ORLANDO, June 27, 2022 -JLL Capital Markets announced today that it has closed the $16 million sale of Village Oaks, a 166,245-square-foot, fully leased retail center with an impressive lineup of national anchors in Pensacola, Florida. JLL marketed the property on behalf of the seller, an affiliate of Atlanta, Georgia-based RCG Ventures, LLC. A South Florida-based family office acquired the asset. Completed in 1988 and most recently renovated in 2014, Village Oaks is anchored by a best-in-class tenant lineup with Bealls, PetSmart, Planet Fitness and Party City, which, together, account for nearly 73 percent of the property's gross leasable area.