Homestead, Fla. — Limestone Asset Management has acquired a single-tenant property located in Homestead. Burger King occupies the building, which was built in 2008 and totals 3,005 square feet. Kevin Sanz of Orion Real Estate Group represented Limestone in the transaction. Alex Sharrin of JLL Capital Markets represented the seller.
Miami — Miami-based Orion Real Estate Group has acquired a retail portfolio located in Florida, Texas and Illinois for $50 million. An undisclosed family office sold the portfolio, which totals 94,000 square feet across 12 properties. Tenants at the properties — which include 11 single-tenant properties and two two-tenant properties — include banks, a fitness center, pharmacy, urgent care facility and quick-service restaurant. Alex Sharrin, Jeff Cicurel, Eric Osika and Noel O’Donnell of JLL Capital Markets represented the seller in the transaction.
Sandy Springs, Ga. — Experiential Brands, a company that owns a portfolio of fast-casual restaurant brands, has launched SocialBites Food Hub in Sandy Springs, a suburb of Atlanta. Now open, the venue features multiple food-and-beverage concepts, as well as indoor and outdoor gathering spaces, interactive décor, entertainment programming, a full bar and private event space. Restaurant concepts at the property include The Original Hot Chicken, INKED Tacos, Flametown Burgers and Pinsa Roman Pizza. A second SocialBites is scheduled to open in Woodstock, roughly 30 miles outside Atlanta, later this year.
San Diego — Marcus & Millichap has brokered the sale of North Park Retail, a single-tenant restaurant property at 2884 University Ave. in San Diego’s North Park neighborhood. Carlos Partners LLC sold the property to an entity doing business as 1295 University Family LP for $1.9 million. Built in 1948, North Park Retail features 3,200 square feet of space. The single-tenant property was renovated in 2014 for tenant Saiko Sake and Sushi Bar’s build out. Saiko Sushi plans to close when its lease expires in October, leaving the property available for …
Tampa, Fla. — Japanese variety retailer Daiso has announced plans to open its first Florida Store in Tampa. Scheduled to open in the first quarter of 2025, the store will be situated within Northdale Promenade. David Eggnatz of Katz & Associates represented Daiso, in the leasing negotiations. Brian Hector represented the landlord, Kite Realty, on an internal basis. Daiso is currently seeking additional sites throughout Florida ranging in size from 7,000 to 12,000 square feet.
Doral, Fla. — Limestone Asset Management has acquired a single-tenant property located in Doral for $13.6 million. LA Fitness occupies the building, which was built in 2001 and totals 37,500 square feet. Kevin Sanz of Orion Real Estate Group represented the buyer in the transaction. Alex Sharrin of JLL Capital Markets represented the undisclosed seller.
Houston — Investment and brokerage firm Shannon Waltchack has acquired The Vintage Center, a 29,483-square-foot unanchored retail center located in northwest Houston. Tenants at the property, which was fully leased at the time of sale, include First Community Credit Union, Vintage Smile Family Dentistry, Chicken Salad Chick, Memorial Hermann-GoHealth and Trademark Salon. John Indelli and Ryan West of JLL represented the undisclosed seller in the transaction.
Orlando, Fla. —Primark has signed a lease at The Florida Mall in Orlando with plans to open a 36,000-square-foot store at the property. Spanning two stories, the store will feature an entire floor dedicated to Disney merchandise. Scheduled for the end of August, the opening will bring the retailer’s U.S. portfolio to 26 locations. Primark currently operates one store in the state at Sawgrass Mills in Sunrise. “Florida is a pillar of our expansion into the Southern U.S. market,” says Kevin Tulip, president of Primark U.S. Simon Property Group owns The …
Tustin, Calif. — Six new tenants have signed leases at The District at Tustin Legacy, a shopping center located in Tustin. Restaurants Prime Hot Pot and Curry Pizza House are now open at the center. Baby Shoppe has also opened at the property, and World of Racing, Spirit Halloween and 3CAT are scheduled to open this summer. Vestar is the landlord of the center, which was jointly developed by Vestar and Kimco.
Livingston, N.J. — Azarian Realty Co. has arranged two leases at The Livingston Town Center, a 65,523-square-foot retail center located in Livingston. Jacqueline Special Occasions and Ship Logistics will occupy 2,587 and 612 square feet at the property, respectively. Other tenants at the center include Hot Worx, LA Bikini, Omaha Steaks, Mixology, Wells Fargo and 16 Handles. Kevin Pelio of Azarian Realty Co. represented both the landlord and tenants in the leasing negotiations.
