Press Releases
Marcus & Millichap Brokers Sale of Fully Leased Retail Center in Stuart, Florida
October 13, 2025
STUART, Fla., Oct. 13, 2025 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of Baron Shoppes, a fully occupied, 16,500-square-foot retail center in Stuart, Florida.
“This transaction highlights the strong demand and resilience of multi-tenant retail in today’s market,” said Shujan Valiani, associate investments. “Class-A strip center supply remains constrained, and Baron Shoppes’ mix of service-oriented tenants generated strong demand for the asset.”
Shujan Valiani and Salim Valiani, senior director investments, exclusively marketed the property on behalf of the seller, Amir Dhanji, and procured the buyer, CenterSquare Investment Management.
Built in 2018, Baron Shoppes is located at 2620 SE Federal Highway. The 16,500-square-foot property sits on a 2.64-acre parcel and is fully leased to seven tenants, including Jupiter Medical Center, Firehouse Subs, 4Ever Young Anti-Aging Solutions, Carmela Coffee Company, Rock N Roll Sushi, All Kitchen and Cabinets, and Posh Nails.
The center benefits from visibility to more than 40,000 vehicles per day along Federal Highway and serves a dense, affluent population, with more than 101,000 residents within five miles and an average household income exceeding $108,000.
“This transaction highlights the strong demand and resilience of multi-tenant retail in today’s market,” said Shujan Valiani, associate investments. “Class-A strip center supply remains constrained, and Baron Shoppes’ mix of service-oriented tenants generated strong demand for the asset.”
Shujan Valiani and Salim Valiani, senior director investments, exclusively marketed the property on behalf of the seller, Amir Dhanji, and procured the buyer, CenterSquare Investment Management.
Built in 2018, Baron Shoppes is located at 2620 SE Federal Highway. The 16,500-square-foot property sits on a 2.64-acre parcel and is fully leased to seven tenants, including Jupiter Medical Center, Firehouse Subs, 4Ever Young Anti-Aging Solutions, Carmela Coffee Company, Rock N Roll Sushi, All Kitchen and Cabinets, and Posh Nails.
The center benefits from visibility to more than 40,000 vehicles per day along Federal Highway and serves a dense, affluent population, with more than 101,000 residents within five miles and an average household income exceeding $108,000.
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About Marcus & Millichap, Inc. (NYSE: MMI)
Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2024, the company had 1,712 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 7,836 transactions in 2024, with a sales volume of approximately $49.6 billion. For additional information, please visit www.MarcusMillichap.com.
