Retail center sells in Vero Beach

Dallas-based ORIX Capital Markets has sold Vero Beach Corners, a retail center in the Indian River Mall submarket, to Vero Beach Corner’s Retail Center for $1.35 million. ORIX was represented by CBRE’s William Strauss, Dave Donnellan and Todd Weintraub in the deal. The 13,000-square-foot project, which was built in 2001, is located at 5445 20th Street in Vero Beach and was 73 percent occupied as of closing. — Alexander Britell