JLL Negotiates $16 Million Sale of Village Oaks Retail Center in Pensacola, Florida

Pensacola, Fla. — JLL Capital Markets has negotiated the $16 million sale of Village Oaks, a 166,245-square-foot shopping center located in Pensacola. Brad Peterson and Whitaker Leonhardt of JLL represented the seller, an affiliate of RCG Ventures, in the disposition of the property to an undisclosed family office based in South Florida. Bealls, PetSmart, Planet Fitness and Party City anchor the center, which was developed in 1988 and renovated in 2014. The property was fully leased at the time of sale to additional tenants including Breeze Nutrition, Cato, Once Upon a Child, Thai 54 and Pensacola ATA Martial Arts.

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