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Florida & Gulf Coast  + North Florida  + Retail  |  June 2, 2020
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By: David Cohen

Daytona Beach Retail Center Trades for $3M

JLL has arranged the $2.7 million sale of Palmetto Pointe, a 9,594-square-foot retail strip center in Daytona Beach. Tarik Bateh, John Krzyminski, Jennifer Swanson and Max Krzyminski of JLL represented the seller, Gatlin Development Co., in the transaction. The buyer was an undisclosed private investor.

Built in 2016, the center is located at 3801-3991 S. Clyde Morris Blvd., and is shadow-anchored by a Walmart Neighborhood Market.

“Palmetto Pointe presented a compelling investment opportunity for the buyer to acquire a newly-built, durable shopping center adjacent to a high-volume Walmart Neighborhood Market in a fast-growing, coastal Florida community,” said Bateh.

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About David Cohen

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.

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