Real Estate Rumors: Power Petroleum, NorthBridge, Merrimac

Law360 (April 9, 2021, 3:29 PM EDT) -- Florida-based fuel distributor Power Petroleum has purchased a Miami Beach retail building and gas station for $11.25 million, the South Florida Business Journal reported on Friday. The deal is for 6348 Collins Ave., which includes a gas station and a 4,370-square-foot building leased to 7-Eleven Inc., and the seller is the Sarah D. Brito Revocable Trust, according to the report.

NorthBridge Partners has purchased a Maryland development site for $21 million, Commercial Observer reported on Friday. The deal is for 13.61 acres at 1200 Stoney Run Road, which is currently leased to Inc., and the seller is HLNP LLC, according...

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