JM Real Estate, Inc. Closes on Village Center, a Modern Retail Center in the Heart of Viera, Florida, for $3.1 Million

MELBOURNE, Fla., December 23, 2020 / PRNewswire / – JM Real Estate, Inc. – a full-service commercial property management, leasing, and sale company based in Brevard County, Florida – recently completed the closure of the Village Center, located on Viera Blvd., Viera, FL 32955, in 1950 $ 3.1 million. Charine LewisThe Director of Sales & Leasing at JM Real Estate, Inc. represented both seller ICV Viera, LLC and buyer 1950 Viera Blvd, LLC as transaction brokers.

Village Center – Photo courtesy JM Real Estate, Inc.

Village Center - Photo courtesy JM Real Estate, Inc.

Village Center – Photo courtesy JM Real Estate, Inc.

With 13 rental suites, the Village Center offers 16,008 square meters on 2.58 hectares (acreage includes buildings and an empty property with a size of +/- 85 hectares). It was built in 2008. The center is strategically located on the north side of Viera Blvd., a main corridor that runs east / west from US Highway 1 Viera West.

“Village Center is in a prime location in the fastest growing area of Brevard County“said Lewis.” We are delighted to have represented the seller of this beautiful property which is in an incubator area for future growth that is not currently saturated. Investment real estate in Brevard County is cheaper than other larger metropolises like Miami and Orlando. “

Current tenants at the Village Center include Gios Italian Ice Cream, State Farm, Pelican Floors, Strater Family Chiropractic, Tangles Hair Studio, Richard’s Paint, Ardor Nails, and Code Ninjas.

In 2018, Viera was named one of the 25 best-selling planned master communities by John Burns Real Estate Consulting, LLC and RCLCO Real Estate Advisors. Viera Boulevard now has a complete transport hub, which significantly improves the location of the Village Center and increases traffic. Viera’s master plan provides for continuous development growth through 2050.

JM Real Estate, Inc. was founded in 1997 and has a current portfolio of approximately 2.5 million square feet and an estimated value of more than $ 300 million. The company has been involved in acquisitions and disposals of commercial investment properties in the millions of square feet, primarily office and retail space with multiple clients. The company has also been involved in development projects and ultimately in dispositions that cover the entire spectrum of commercial investment real estate.

In 2020, JM Real Estate, Inc. was merged by Tzadik Properties, LLC, an industry-leading multi-family property management company based in Miami-Dade County, Florida, and in Sioux Falls, South Dakota.

About JM Real Estate, Inc.
JM Real Estate, Inc. is a full service commercial property management, leasing, and sale company based in Brevard County, Florida. It specializes in and served by multi-tenant office, retail, medical and industrial real estate Titusville to Palm Bay. JM has made acquisitions and disposals of commercial investment properties covering millions of square feet, primarily multi-tenant offices and retail stores. It has a current portfolio of around 2.5 million square feet and an estimated value of over $ 300 million. In 2020, Tzadik Properties, LLC founded an industry leading multi-family real estate management company based in Miami, Florida, acquired JM Real Estate, Inc. For more information, visit www.JMRealEstate.com or call (321) 242-2882.

Contact:
Duration & Company, Inc.
954-723-9350
[email protected]

SOURCE JM Real Estate, Inc.

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