Martin Downs Town Center

Location: Palm City, FL
Type: Retail
Price: $ 7,012,500

Starwood Mortgage Capital has provided a $7,012,500 five-year first mortgage to finance the acquisition of Martin Downs Town Center, a retail shopping center located in Palm City, Martin County, FL comprised of four single-story shadow anchored retail buildings totaling 36,252 SF. The Property is shadow-anchored by Publix and the Subject’s tenant roster features numerous retailers with a national presence including Panera Bread, SunTrust Bank, BB&T, Edward Jones, Dunkin’ Donuts, Quest Diagnostics, and Massage Envy. The Property benefits from its frontage along SW Martin Downs Boulevard, which featured a 2011 average traffic count of approximately 35,000 vehicles daily. The Subject is located 12 miles from downtown Port St. Lucie, Florida.