MHCommercial Acquires Merritt Crossing Retail Center in Florida

MHCommercial Real Estate Fund II has completed the acquisition of Merritt Crossing, a grocery-anchored retail center on Florida’s Space Coast, for $9,135,000. Spanning over 102,000 square feet, the property represents a significant investment in the region’s retail real estate market.

The acquisition underscores MHCommercial Real Estate Fund II’s strategy of focusing on high-quality, income-generating properties in key markets. Merritt Crossing’s anchor tenants, including major grocery retailers, provide stability and consistent foot traffic, making it a strategic addition to the fund’s portfolio.

Located on Florida’s Space Coast, the retail center benefits from a growing population and expanding commercial activity. The area has become increasingly attractive to investors seeking long-term value and strong returns, as well as to retailers looking to serve a dynamic community.

This transaction also highlights the continued investor confidence in well-positioned retail assets, even in a shifting real estate landscape. By acquiring Merritt Crossing, MHCommercial Real Estate Fund II strengthens its presence in Florida’s thriving commercial property sector while providing a stable, income-producing investment for stakeholders.

About NAI Merin Hunter Codman

NAI Merin Hunter Codman, www.mhcreal.com, is one of South Florida’s leading commercial real estate firms with over three decades of experience advising clients on strategic acquisitions and dispositions and providing landlord representation, tenant representation, property management and construction management services. The firm has expertise in all commercial property sectors including office, retail, industrial, multifamily, hotels and land. NAI/Merin Hunter Codman’s client base includes some of the nation’s most prestigious institutional and private equity investors. Operating as part of the NAI Global network, NAI/Merin Hunter Codman can facilitate property transactions around the nation and the world, serving as a single point of contact for its clients’ counsel and execution. NAI/Merin Hunter Codman is headquartered in West Palm Beach, Florida with regional offices in Boca Raton and Palm Beach Gardens.

About MHCommercial Real Estate Funds

MHCommercial Real Estate Funds (“MHCREF”), www.mhcref.com, was formed by the principals of NAI Merin Hunter Codman who through their funds and predecessor affiliates have acquired over $530 million of investment value across a 2.4-million-square-foot portfolio. Building on this success, MHCREF launched MHCommercial Real Estate Fund I (“MHCREFI”) in 2019 followed by MHCommercial Real Estate Fund II (“MHCREFII”) in 2022. MHCREF principals’ 100+ years of operating and market expertise along with their extensive real estate relationships are the keys to MHCREF’s success, which creates maximum asset value and consistently delivers strong risk-adjusted returns for their investors