A redeveloped shopping center sold in 2025 in what industry observers say was the year’s largest retail deal in the Tallahassee, Florida, market.<\/p>\n
JBL Asset Management paid Leon Capital Group $26.8 million, or more than $330 a square foot, for Market Square at 1415 Timberlane Road, according to CoStar data. The 81,082-square-foot retail plaza is within the city’s popular Market District and near Florida State University at the intersection of Interstate 10 and Thomasville Road. <\/p>\n
Anchored by a 22,000-square-foot REI store, the center also counts Sanitas Medical Center, Connor Steakhouse, Market Square Liquers and Southern Seafood as tenants.<\/p>\n
About the project: Three of the four buildings in the plaza were fully leased at the time of the transaction. The deal also included a one-acre, pad-ready site. The Market District has more than 100 shopping, dining, and entertainment businesses. The average annual household income within three miles tops $100,000.<\/p>\n
\u201cLocated in Tallahassee\u2019s heavily frequented Market District, this newly renovated, high-occupancy retail center with a complementary blend of regional and national tenants represents a rare improved shopping center sale in today\u2019s market,\u201d said Alvin Mansour, an executive managing director for Marcus & Millichap, in a statement. \u201cThe amount of buyer activity indicates continued strong appetite for well-located retail assets.\u201d<\/p>\n
They made it happen: Alvin Mansour, executive managing director, and Jon Talia,\u00a0managing director, of The Mansour Group of Marcus & Millichap brokered the sale. Jacob Khotoveli, founder and managing partner, and Kfier Cohen,\u00a0director of acquisitions & dispositions, led the acquisition effort for Hollywood, Florida-based JBL Asset Management.<\/p>\n","protected":false},"excerpt":{"rendered":"A redeveloped shopping center sold in 2025 in what industry observers say was the year’s largest retail deal…\n","protected":false},"author":2,"featured_media":205705,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16],"tags":[232,234,233],"class_list":["post-205704","post","type-post","status-publish","format-standard","has-post-thumbnail","category-tallahassee","tag-tallahassee","tag-tallahassee-headlines","tag-tallahassee-news"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/205704","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/comments?post=205704"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/205704\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media\/205705"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media?parent=205704"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/categories?post=205704"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/tags?post=205704"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}