A cluster of Melbourne commercial buildings has changed hands in a multi-month sale that quietly added up to roughly $35 million, sending a five-property portfolio from a single owner to two new investors. The mixed-use package, just under 295,000 square feet of office, medical, and retail space, is being counted as one of the larger concentrated commercial trades on the Space Coast this year.
The portfolio includes Melbourne Corporate Center, Hibiscus Professional Center, Imperial Plaza, Centre at Suntree and Rivercrest Professional Center, which together total about 294,570 square feet, according to Colliers. In marketing materials, Colliers packaged the properties under a single banner as the "Florida Space Coast Investment Portfolio" and detailed the five addresses and building specs.
Deal Details And Buyers
Industry coverage pegs the combined price tag for the five assets at about $35.075 million, with Imperial Plaza and Centre at Suntree taking the biggest bites of the total, per Central Florida CRE. Imperial Plaza reportedly closed at about $12.225 million and Centre at Suntree at roughly $12.275 million, while Rivercrest Professional Center is said to have sold in April for around $5 million. Melbourne Corporate Center and Hibiscus Professional Center were the earliest pieces to move, closing last August for approximately $3.125 million and $2.45 million.
The buyer pool ultimately split in two. PMD Capital Management, led by Max Ducharme, picked up Melbourne Corporate Center and Hibiscus Professional Center. An affiliate of Southeast Petro stepped in for the other three properties, acquiring Imperial Plaza, Centre at Suntree, and Rivercrest Professional Center, according to ConnectCRE.
Tenants And Occupancy
This was not a turnaround play so much as a cash-flow story. Melbourne Corporate Center is fully leased to aerospace engineering firm Aeronix, providing a single-tenant income stream. Imperial Plaza mixes government and finance tenants under one roof, while Rivercrest Professional Center leans heavily on healthcare, with users such as Health First and Cape Canaveral Hospital in the lineup. That blend of credit tenants and high in-place occupancy was flagged as a key reason the assets appealed to both yield-focused investors and local operators by REBusinessOnline.
Why Buyers Were Interested
On the fundamentals, brokers and buyers pointed straight at the Space Coast’s reliable demand from aerospace, defense, and healthcare employers, including L3Harris, Northrop Grumman, and Health First. Those tenants, and the ecosystem around them, help explain why a collection of mostly stabilized buildings could draw this level of attention.
“The seller’s decision to exit the Melbourne market required a flexible disposition strategy,” Colliers executive Joe Rossi said in the firm’s materials and in industry reporting, which highlighted a structured marketing program that ran from August 2025 through April 2026, per Central Florida CRE.
That strategy showed up in the timing. Two properties traded in August 2025, with the remaining deals closing in stages and wrapping by April 21, 2026, according to ConnectCRE. The portfolio sale was also covered by the Orlando Business Journal, and local brokers say the trades could set the tone for more investment in well-occupied, mid-market commercial properties along the Space Coast.
