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Investor Duo Acquires 109K-SF Brevard County Retail Center
MHCommercial Real Estate Fund II (MHC Fund II) and Ocala North Partnership acquired Shoppes at Victoria Square, a 109,000-square-foot anchored retail center located at 1450 N Courtenay Parkway in the heart of Merritt Island, Brevard County, Florida, for $16 million. Isram Real Estate was the seller.
Shoppes at Victoria Square is currently 98% leased and includes recently repositioned space anchored by Burlington, Five Below, and Ulta Beauty on long-term leases. The center is situated within Florida’s Space Coast.
This acquisition marks the second Merritt Island investment for MHC Fund II, following the Fund’s purchase of neighboring Merritt Crossing, a 90,000-square-foot grocery-anchored retail center, for $9.1 million in July 2025.
Avison Young’s Florida Capital Markets Group represented the seller with a team that included John K. Crotty, Michael T. Fay, David Duckworth, Brian C. De La Fe, and Philip Shapiro.
Leasing will be handled by Holly Carver and Lisa Earnhardt of Rocket City.
- ◦Sale/Acquisition
