M
erritt Crossing, a 90,000-square-foot shopping center on Merritt Island, has been acquired by MHCommercial Real Estate Fund II for approximately $9.1 million. The property, situated on 15.3 acres at 239 Crockett Blvd., is anchored by DG Market and Planet Fitness. At the time of sale, the center was 92.3 percent leased.
NAI Merin Hunter Codman will manage Merritt Crossing under its new ownership. Avison Young's John Crotty, Michael Fay, David Duckworth, Brian De La Fe, and Philip Shapiro represented the seller in the transaction, while Matthew Brown, Nicholas White, and Will Rosenfield of Avison Young represented the buyer internally.
Holly Carver and Lisa Earnhardt of Rocket City Commercial Real Estate will lease the property on behalf of MHCommercial Real Estate Fund II. Since its launch in 2022, the fund has acquired nine properties totaling 1.1 million square feet.
