Colliers has completed the sale of a five-asset office and mixed-use portfolio in Melbourne, FL, with the Florida Space Coast Investment Portfolio changing hands for a combined total of $35 million. The properties together comprise more than 294,000 square feet of space and span 36.41 acres, reflecting a sizable cluster of office and professional buildings within the Melbourne market.
The seller opted for a structured sale process to complete its disposition of the portfolio, closing a series of transactions over an extended period rather than a single bulk sale. According to Colliers, the deals were finalized between August 2025 and April 2026, culminating in the transfer of all five properties to two separate buyers.
Joe Rossi and Scott Brenner of Colliers represented the seller in all of the portfolio transactions. Their engagement covered the full run of closings, from the initial deals in 2025 through the final sale in 2026, providing continuity for the disposition of the Florida Space Coast Investment Portfolio.
Two different buyers acquired portions of the portfolio. PMD Capital Management purchased Melbourne Corporate Center and Hibiscus Professional Center. These acquisitions were completed without outside representation, with PMD Capital Management acting on its own behalf throughout the process.
The remaining three assets in the portfolio were acquired by an affiliate of Southeast Petro. That buyer picked up Imperial Plaza, Centre at Suntree and Rivercrest Professional Center. Southeast Petro’s affiliate was represented in the transaction by Scott Loveridge of Relentless Real Estate, who advised the buyer on its portion of the overall portfolio acquisition.
Across the five properties, the portfolio totals approximately 294,570 square feet of office and mixed-use space. Situated on 36.41 acres in Melbourne, the assets collectively represent a significant footprint in the local office market on Florida’s Space Coast. The series of transactions marks the completion of the seller’s planned exit from this particular set of holdings, with the portfolio now split between PMD Capital Management and the Southeast Petro affiliate.
