Pebb Capital Sells Retail Center in Florida for $19.2 Million

Singer Island, Fla. — Pebb Capital has sold Ocean Walk, a 65,908-square-foot shopping center located in Singer Island, for $19.2 million. Pebb purchased the center in 2017 for nearly $7.6 million, at which time the center was 53 percent leased. The property is now fully leased to tenants including Wings Beachwear, 7-Eleven, Mulligan’s Beach House and Johnny Longboats. Situated on 10.5 acres, Ocean Walk features 492 surface parking spaces, four retail structures and 873 feet of unobstructed oceanfront space. Danny Finkle, Jorge Portela, Eric Williams and Kim Flores of JLL represented the seller in the transaction.