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Merritt Island, Fla. — NGKF Capital Markets has arranged the $33 million sale of Merritt Square Mall, an 811,277-square-foot regional mall located at 777 East Merritt Island Causeway in Merritt Island.
Macy’s, Sears, Dillard’s, JC Penney and Cobb Theatres anchor the mall, which is also home to tenants including Bath & Body Works, Kay Jewelers, Rue21, Finish Line, Victoria’s Secret and Journeys. Thomas Dobrowski of NGKF represented the sellers, LNR Partners and John Mitchell, in the sale of the property to Mason Asset Management and Namdar Realty Group. The property was 95.7 percent leased at the time of sale.