Second Horizon Capital Announces Acquisition of Melbourne Square
MELBOURNE, Fla., March 2, 2026 – Second Horizon Capital announced today the successful completion of its acquisition of Melbourne Square, a 710,000 square-foot retail center serving the Melbourne, Palm Bay, and Titusville communities along Florida’s Space Coast. Located at 1700 W. New Haven Ave. in Melbourne, the property is Second Horizon Capital’s second Florida acquisition in the past year and its eighth investment since the company’s founding in 2021.
Second Horizon Capital emphasizes thoughtful and purposeful reinvestment in each of its properties. The firm’s strategy centers on strengthening Melbourne Square’s longstanding role as a regional destination while positioning it for long-term success through additional investment, operational enhancements, and community-focused initiatives.
“For more than 40 years, Melbourne Square has served as a central gathering place for the Space Coast community,” said Howard Levine, Managing Partner & Co-Founder of Second Horizon Capital. “With a strong mix of national brands, local retailers, and experiences that bring people together, the center already has a strong foundation. We are now building on that momentum by making targeted investments that elevate the guest experience and strengthen tenant performance to ensure Melbourne Square continues to thrive as a community destination for neighbors and visitors.”
Second Horizon Capital plans to start its investments in Melbourne Square immediately, including incremental resources into community engagement, center operations, and building upgrades. Additionally, Second Horizon Capital will expand Melbourne Square’s programming and foster additional partnerships with local organizations and businesses to support the center’s ongoing role as an essential community hub.
“Our planned investment in Melbourne Square will be focused on delivering an elevated experience for shoppers, retailers, and our broader community,” said Camilo Varela, Managing Partner & Co-Founder of Second Horizon Capital. “These enhancements, combined with the center’s established retailers and strong community presence, will further improve Melbourne Square’s mix of shopping, dining, and entertainment offerings. Our active community engagement approach will also strengthen the center’s role as a premier gathering place for the Space Coast community.”
Second Horizon Capital has engaged CBRE for property management and leasing services at Melbourne Square. CBRE, the largest global commercial real estate firm, has extensive experience overseeing dynamic retail centers nationwide and has a strong presence throughout Florida.
For more information on Melbourne Square and to stay informed on the latest events and updates, please visit www.melbournesquare.com.
About Second Horizon Capital
Second Horizon Capital is an impact investment firm that partners with communities to transform large-scale, underinvested commercial properties into vibrant destinations and local economic engines. The firm honors its role by investing in, supporting, and stewarding each community that it joins. Second Horizon Capital focuses on bringing community stakeholders, including municipalities, business owners, community groups, tenants, and end-users to the forefront in reinvigorating community hubs. By driving long-term value enhancement, seeking more equitable outcomes, and partnering with local stakeholders, Second Horizon Capital works to enhance its communities, as well as the properties themselves. Additional information on Second Horizon Capital can be found on the company's website at www.secondhorizon.com.
About Melbourne Square
Melbourne Square is the premier family-friendly shopping destination for Melbourne, Palm Bay, and Titusville, featuring more than 125 national and local retailers. Since opening in 1982, the mall has served as a cornerstone of the Space Coast community, offering a vibrant mix of shopping, dining, entertainment, and year-round events for all ages. Melbourne Square is owned by Second Horizon Capital, with leasing and management services provided by CBRE.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2023 revenue). The company has more than 130,000 employees (including Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of services, including: facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services; and development services. Additional information on CBRE Group, Inc. can be found on the company’s website at www.cbre.com.
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