Miami — Marcus & Millichap has brokered the $4.2 million sale of an 11,042-square-foot development site located in the Little Havana neighborhood of Miami. Formerly home to the Wagon Wheel Motel, the site is situated within the Arts and Entertainment district. Jonathan De La Rosa and Eddie Toledo of Marcus & Millichap marketed the property on behalf of the seller and procured the buyer, along with Nicholas Hassan, also of Marcus & Millichap.
Jupiter, Fla. — Miami-based Orion Real Estate Group has sold The Shoppes at Jupiter, a 197,000-square-foot shopping center located in Jupiter for $52.8 million. Orion originally acquired the property in 2015 for $27.8 million. Palm Beach Gardens, Florida-based Ram Realty Advisors was the buyer. Noah Jones and Dan Lynch of Atlantic Retail facilitated the transaction. Ram Realty additionally secured a lease with Whole Foods Market to serve as the property’s primary anchor tenant. Built in 1981 and renovated in 2014, The Shoppes at Jupiter is anchored by Cinépolis Luxury Cinemas, Palm Beach …
Valrico, Fla. — Matthews Real Estate Investment Services has negotiated the sale of Valrico Centre, a 53,644-square-foot shopping center located in the Tampa suburb of Valrico. Sprouts Farmers Market and PetSmart anchor the property, which also features health and wellness concept Orangetheory Fitness. Built in 2007 on 4.7 acres, the center was fully leased at the time of sale. An entity doing business as WEG Valrico LLC was the seller. Glen Alexander and Doug Desantis of Strategic Reality Services represented the buyer, West Cold Storage LLC, in the transaction. The sales …
Davie, Fla. — Davie Plaza Group LLC has sold Davie Plaza, a 22,517-square-foot retail strip center located in the Fort Lauderdale suburb of Davie, for $6.9 million. The property was 96 percent leased at the time of sale and features a mix of tenants including a Subway, nail salon and law office. Originally built in 1970, the retail center is situated on 2 acres, according to LoopNet Inc. Drew Kristol and Kirk Olson of Marcus & Millichap represented the seller, a local South Florida investor doing business as Davie Plaza …
St. Petersburg, Fla. — SRS Real Estate Partners has brokered the $7.3 million sale of a two-parcel, multi-tenant retail strip center located at 730 4th St. N. in St. Petersburg. Built in 2009, the property totals 10,802 square feet and was fully leased to a mix of tenants including Foxtail Coffee, The UPS Store, Jimmy John’s, Chipotle Mexican Grill and Verizon Wireless at the time of sale. Patrick Nutt and William Wamble of SRS Capital Markets represented the seller, a Tampa-based investment group, in the transaction. The buyer was a national …
St. Johns, Fla. — SRS Real Estate Partners has negotiated the $5.6 million sale of Beachwalk Shoppes, an 8,200-square-foot retail strip center located in St. Johns, a suburb of Jacksonville. The newly constructed retail center is part of the larger 1,200-acre mixed-use Beachwalk project currently under development. The property was fully leased at the time of sale to five tenants including Bagels R Us, Goin’ Postal, Fancy Sushi, Deca Dental and Playa Bowls. Patrick Nutt and William Wamble of SRS Capital Markets represented the seller, a national development and investment firm, …
Tampa, Fla. — Avison Young has brokered the $5 million sale of Fountain Plaza, a 25,191-square-foot multi-tenant shopping center located at 2800 N. MacDill Ave. in West Tampa. Originally built in 2006, the center sits on nearly 2 acres. Michael T. Fay, John K. Crotty, David Duckworth, Brian C. de la Fé, Nick Robinson, Nick Mastro and Philip Shapiro of Avison arranged the sale on behalf of the seller, Brusa Inc., in the transaction. Additionally, Nick Mastro and Nick Robinson will lead leasing efforts for the buyer, Landmarc Realty.
Miami Gardens, Fla. — Core Palmetto, an affiliate of Core Investment Management, has sold Palmetto Plaza, a 186,095-square-foot retail center located in Miami Gardens, roughly 16 miles north of downtown Miami. The sales price was $46 million. ALDI and Dollar Tree anchor the property, which was more than 95 percent leased at the time of sale. Other tenants include The UPS Store, Dunkin’ Donuts, Regions Bank and Bright Star Academy. Built in 1987, the center sits on nearly 12 acres. Douglas Mandel and Zach Levine of Marcus & Millichap represented …
Miami — Marcus & Millichap has brokered the $4.6 million sale of a five-tenant retail strip center located at 6815 Biscayne Blvd. in Miami’s Modern District. Built in 2003, the 6,200-square-foot property has recently undergone improvements, such as a new roof and exterior renovations. Tenants include The UPS Store, OrthoNOW, ABB Waxing, Subway and Luna Pasta Dolci. Jonathan De La Rosa, Eddie Toledo, Drew A. Kristol and Kirk Olson of Marcus & Millichap’s Miami office, represented the seller, a company doing business as C&A Ltd. Liability Co., in the transaction. The buyer …
Winter Garden, Fla. — CBRE has brokered the sale of Winter Garden Village, a 629,326-square-foot power center located in Winter Garden, a western suburb of Orlando. The Orlando Business Journal reports that an affiliate of New York City-based RREEF Property Trust purchased the center for $165 million. Dennis Carson, Casey Rosen, Michael Etemad and Sriram Rajan of CBRE represented the seller, Beachwood, Ohio-based SITE Centers, in the transaction. Curbline Properties, an affiliate of SITE Centers, retained 130,563 square feet of single- and multi-tenant outparcels at Winter Garden Village. The retail …
