Colliers Brokers $14M Sale of Gulf Breeze Shopping Center

Colliers has negotiated the $14 million sale of Live Oak Village, a 107,065-square-foot shopping center at 1151 Gulf Breeze Parkway in Gulf Breeze, a coastal town in Florida's Panhandle. Brad Peterson and Whitaker Leonhardt of Colliers represented the seller, Exposition Properties. Chris Dozier of Kuebel Realty Co. represented the buyer, Dorsey Development, a New Orleans-based firm.

United Community Bank provided the acquisition loan for the purchase. The center is anchored by a dual-branded space shared by Bealls and Home Centric. Bealls has operated at the property for 28 years, while Home Centric joined the tenant roster in 2022. Other tenants include Highpoint Church, a YMCA location and Dollar General.

The deal shows continued investor appetite for grocery-adjacent and value-oriented retail in secondary Florida markets. Its anchor tenancy and long-standing occupancy give buyers a stable income base.

For developers and lenders, the transaction is a reference point for pricing neighborhood retail in the Panhandle, where anchor durability and mixed national and local tenancy drive underwriting.