Windover Square is a 81,000 square foot shopping center anchored by a Publix and a Dollar Tree in Melbourne, FL. The property was built in 1984 and benefited from tremendous ingress and egress via a signalized intersection at the heart of West Melbourne’s primary retail corridor just minutes from an array of national retailers and Melbourne Square Mall, US Highway 192, with traffic counts inexcess of 34,000 cars per day.
PMAT acquired Windover Square when the center was in need of a repositioning within the market. PMAT negotiated a new 20 year lease with Publix in conjunction with the demolition of their old premises and the construction of a new 45,600 square foot prototype in the same footprint. PMAT also improved the parking lot, painted the center to match Publix new color scheme, upgraded the landscaping, and added new pylon signage. The addition of Dollar Tree cemented the solid tenancy base of national credit tenants at this stabilized asset that reached 94% occupancy.