Big Lots Buys Building Located at Indian River Mall in Vero Beach

Stuart, FL, December 31, 2011 --(PR.com)-- Big Lots, North America’s largest broadline closeout retailer, recently purchased the 32,999-square-foot building formerly occupied by home goods retailer Linens ‘N Things at the Indian River Mall in Vero Beach for $2.4 million.

Big Lots will move its existing store, located just to the east on SR 60, into the space, which is newer, larger, and ideally located at the Regional Mall—a big improvement for the chain and its customers.

Boyd Bradfield, President of NAI Southcoast, represented the Seller, an investor group from Miami. The property had received a great deal of interest from both developers and retailers and had been under contract twice prior to Big Lots’ purchase of the property.

About NAI Southcoast:

NAI Southcoast is the oldest Commercial and Industrial Realtor in the Stuart and Treasure Coast marketplace. As such, it is uniquely qualified to maximize the marketing of quality commercial, industrial and investment properties.

For more information about NAI Southcoast, please visit www.naisouthcoast.com.

NAI Global is the world's leading managed network of 5,000 professionals, 325 offices in 55 countries. Since 1978, our clients have built their businesses on the power of our expanding network. NAI Global’s extensive services include multi-site acquisitions and dispositions, sublease, tenant representation, lease administration and audit, investment services, due diligence and related consulting and advisory services. To learn more, visit www.naiglobal.com.

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