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Florida & Gulf Coast  + Gulf Coast  + Retail  | 
RCG Ventures, LLC, has sold the Pensacola Square shopping center in Pensacola, FL.

RCG Ventures Releases Pensacola Retail Center Adjacent to Mega Popular Hobby Lobby

An affiliate of Atlanta, GA-based RCG Ventures, LLC, has disposed of Pensacola Square, a 142,767-square-foot shopping center in Pensacola, FL.

Brad Peterson and Whitaker Leonhardt of JLL represented the seller. A private South-FL based family office acquired the asset.

“This is our team’s third shopping center sale in the Florida Panhandle so far in 2022 with a few more in process,” said Peterson. “Many national retailers have well-above average store sales performance and visitor traffic in the region, which translates into a very healthy and stable retail market with rent upside.”

Pensacola Square is 95% occupied. It is anchored by Big Lots, American Freight Outlet, Beall’s Outlet and Petland, and is shadow-anchored by the second most visited Hobby Lobby in the State FL.

The center, which was completed in 1986 and renovated in 1995, sits in what is both the largest MSA and the most infill super regional retail trade area in the FL Panhandle.


Inside The Story

JLL's Peterson

About Lisa McDuffie

Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group. When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.

  • ◦Sale/Acquisition