Colliers facilitates $5.25 million sale of South Oaks Shopping Center

Colliers Contributo On Wednesday, March 11, Colliers announced the sale of South Oaks Shopping Center, a 102,816-square-foot community retail center in Live Oak, Fla., to CrossMarc Services for $5.25 million. The property is located at 1546 Ohio Ave. S. in the heart of Suwannee County’s primary commercial corridor. Brad Peterson, vice chair of Colliers, and Whitaker Leonhardt, executive vice president of Colliers, represented the seller, Phillips Edison & Company, in the transaction. The property was 55% occupied at the time of sale. No outparcels were included in the transaction. “Investor demand across the Southeast continues to favor retail assets with im