What's new

Here & beyond

GBT Realty Sells Power Retail Center in Tallahassee for $34 Million

Governor’s Marketplace in Tallahassee, Florida, was 96 percent leased at the time of sale to tenants including Marshalls, Michaels, Urban Air, Old Navy, Ulta Beauty, Petco and David’s Bridal.

Tallahassee, Fla. — GBT Realty has sold Governor’s Marketplace, a 243,000-square-foot power retail center located on a 34.7-acre site in Tallahassee. The buyer, an undisclosed private investor, purchased the property for $34 million. Brad Peterson of JLL represented GBT in the transaction. The shopping center was 96 percent leased at the time of sale to tenants including Marshalls, Michaels, Urban Air, Old Navy, Ulta Beauty, Petco and David’s Bridal. The center had 10,000 square feet of space available at the time of sale. Also included in the sale was a nearly two-acre parcel at the southeast corner of Magnolia Avenue and Governor’s Square Boulevard that has two existing buildings on the site.

Featured property

Sorry, we couldn't find any posts. Please try a different search.

News & spotlight

Sprouts Breaks Ground in Kyle

KYLE, TEXAS (October 25, 2024) – Sprouts Farmers Market, one of the fastest growing retailers in the country, is breaking ground seven miles south of ...