M&M NEGOTIATES $9.1M SALE OF EAGLE RIDGE SHOPPES

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GROVELAND, FLA. — Marcus & Millichap has arranged the $9.1 million sale of the 65,751-square-foot Eagle Ridge Shoppes, located at 7975 State Road 50 in Groveland. Sonny Molloy of Marcus & Millichap's Atlanta office represented Groveland Associates, the seller, in the transaction and Kirk Olson and Drew Kristol of the firm's Miami office represented the buyer, a Miami-based private equity group. Publix anchors the center, which is approximately 80 percent leased.

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