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Florida & Gulf Coast  + Gulf Coast  + Retail  |  April 28, 2021
David Cohen
By: David Cohen

Pensacola Retail Center Trades for $20M

JLL has arranged the $19.9 million sale of Tiger Point Pavilion, a 66,279-square-foot shopping center anchored by Publix in the Pensacola-area community of Gulf Breeze, FLA.

Completed in 2018, the 98%-leased Tiger Point Pavilion is anchored by Publix and is home to a number of national and local tenants, including Aspen Dental, AT&T, Dickey’s Barbeque, Great Clips and Select Physical Therapy. With an attached drive-thru pharmacy, Publix Supermarkets and the adjacent liquor store account for approximately 57% of the rental income at the property. The center is located at 1430 Tiger Park Lane.

Brad Peterson, Whitaker Leonhardt and Tommy Isola of JLL represented the seller, a joint venture between MAB American and DRA Advisors, in the transaction. The buyer was ExchangeRight.

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Inside The Story

JLL’s Peterson

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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