DLC Management Corp. has sold Marketplace at Palm Bay, a 149,752-square-foot retail center anchored by Winn-Dixie and Bealls Outlet in the eastern coastal Florida community of Palm Bay.
A private Florida-based investment group acquired the asset.
Marketplace at Palm Bay is co-anchored by a Winn-Dixie grocer and Bealls Outlet. Situated on nearly 17 acres at 5270 Babcock St. NE, the center is visible to more than 47,000 vehicles per day and has superior connectivity and easy access to Interstate 95. Palm Bay is in the Melbourne MSA, equidistant between Jacksonville and Miami and 60 miles southeast of Orlando.
In addition to Winn-Dixie and Bealls Outlet, the 92.4 percent-leased Marketplace at Palm Bay is home to Workout Anytime, Brevard Health Alliance, CSL Plasma, Healthworx and more, providing a strong heal
