Cushman & Wakefield Reps Seller In Sale Of Martin Downs Town Center In Palm City

Cushman & Wakefield has brokered the $14.5 million sale of Martin Downs Town Center, a four-building retail portfolio totaling approximately 36,000 square feet in Palm City.

Cushman & Wakefield’s Stuart Duffin, SIOR, CCIM, and JJ Sanguily represented the seller, Martin Downs NSC, LLC (Eric Fazilleau), in the transaction with buyer, Martin Downs Plaza, LLC, (Paul Filipe).

Located at 2909 SW High Meadows and 2843 SW Cafe Ct. in Palm City, the property is anchored by a strong lineup of national tenants.

The buyer, Paul Filipe, is a local entrepreneur and owner of several retail properties throughout the region. He had long identified Martin Downs Town Center as a strategic addition to his portfolio and pursued the opportunity for several years before reaching an agreement.

“This transaction required us to draw on all of our experience because there were so many moving parts,” said Duffin. “The deal involved multiple buildings, numerous national tenants with different points of contact, and a number of other complexities. Fortunately, both the buyer and seller maintained excellent communication throughout the process. By working together and working through the process, we were able to navigate the challenges any transaction may bring and reach solutions that satisfied all parties.”

Duffin also pointed to the quality of the asset and the strength of the surrounding market as key drivers of the transaction.

“Martin Downs Town Center is a high-quality retail asset positioned within one of the region’s most desirable and fastest-growing communities,” Duffin added. “Palm City’s strong demographics and continued growth make this an exceptional location for national tenants and investors alike. The collaboration between buyer and seller was an essential element from start to finish, and the result reflects the underlying strength of both the property and the market.”