Florida

Buttonwood Plaza

Greenacres, Fla. — Atlantic Commercial Group has negotiated the $8.4 million sale of Buttonwood Plaza, a 60,000-square-foot retail center located in Greenacres, approximately 12 miles outside West Palm Beach. Built in 1986, the center is situated on 5 acres at the southeast corner of Jog Road and 10th Ave. North. Tenants at the property — which was 97 percent leased at the time of sale — include CiCi’s Pizza, a barber shop and a Chinese restaurant. Gary Broidis of Atlantic Commercial represented the seller in the transaction. The buyer was an …

0 FacebookTwitterLinkedinEmail
Walmart

Deltona, Fla. — SRS Real Estate Partners has negotiated the $4.5 million ground lease sale of a single-tenant retail property located at 1569 Saxon Blvd. in Deltona. The property is situated 30 miles north of Orlando within the mixed-use development of Deltona Village, which is currently under construction. Walmart occupies the 41,335-square-foot building on an absolute triple-net-lease with 10 years remaining. Patrick Nutt and William Wamble represented the seller, a private partnership, in the transaction. SRS also represented the buyer, a Pennsylvania-based private entity.

0 FacebookTwitterLinkedinEmail
Delray Corner

Delray Beach, Fla. — O’Connor Capital Partners has purchased Delray Corner, an 86,000-square-foot retail center located in Delray Beach, roughly eight miles north of Boca Raton, for $28.8 million. Situated on 9 acres, Michaels and CVS Pharmacy anchor the center, which was 96 percent leased at the time of sale. Other tenants include Hacienda Mexican Restaurant, Enterprise Rent-A-Car, Power Financial Credit Union and Taso’s Greek Taverna & Bar. Originally constructed in 1981, the property underwent significant repositioning in 2023 for the addition of the Michaels store and a Conviva Care center, …

0 FacebookTwitterLinkedinEmail
Sheridan Village Center

Pembroke Pines, Fla. — Perkins Realty Management has acquired Sheridan Village Center, a 64,311-square-foot mixed-use retail and self-storage property located in Pembroke Pines, for $15.5 million. The property comprises 29,331 square feet of ground floor retail space, as well as a 419-unit self-storage facility that totals 35,000 square feet. The retail portion of the center was 93 percent leased to tenants including Memorial Healthcare System, Dunkin’ Donuts and Momo Relaxation at the time of sale. The self-storage component spans two upper floors above the Eastern retail strip and features climate-controlled …

0 FacebookTwitterLinkedinEmail
Ocean Village Square

New Smyrna Beach, Fla. — Marcus & Millichap has brokered the $8.4 million sale of Ocean Village Square, a 60,631-square-foot shopping center located in New Smyrna Beach. Built in 1986, the center is anchored by Dollar General and sits on 9 acres. Other tenants include Nautilus Fitness NSB, Touch of Italy and the Atlantic Wellness Center. David Vaughan and Ray Turchi of Marcus & Millichap procured the buyer, a private investor based in Central Florida.

0 FacebookTwitterLinkedinEmail

Los Angeles — Beverly Hills, California-based FAT Brands Inc., parent company of Fatburger and 17 other restaurant concepts, has signed a new development deal with existing franchisee Whole Factor Inc., to open 40 additional Fatburger locations across Florida over the next 10 years. Since 2021, the fast-casual hamburger chain has expanded into the Orlando and Tampa areas with a 14-unit development deal, opening the newest restaurant locations in Riverview and Celebration. FAT Brands currently owns and franchises more than 2,300 units worldwide.

0 FacebookTwitterLinkedinEmail
The Shops at Brickell City Centre

Miami — Indianapolis-based Simon Property Group has acquired the remaining interest of the retail and parking component at Brickell City Centre, a 5.4 million-square-foot mixed-use development in downtown Miami. Swire Properties sold the majority 75 percent stake in the property’s 500,000-square-foot retail portion for $512 million, according to several media outlets. Simon had previously owned a 25 percent, non-managing interest in The Shops at Brickell City Centre. Following the transaction, Simon is now the sole owner and manager of the property’s retail and entertainment component. Completed in 2016, The Shops …

0 FacebookTwitterLinkedinEmail
The Brooks Town Center

Estero, Fla. — Plaza Advisors has arranged the sale of The Brooks Town Center, a 35,330-square-foot shopping center located in Estero, approximately 16 miles south of downtown Fort Myers. Originally built in 2008, the center was 96 percent leased to FineMark Bank, Burn Boot Camp, LabCorp and Pinch-A-Penny at the time of sale. In a separate transaction, FineMark Bank acquired its 9,390-square-foot outparcel building at the center, while Concord Real Estate Investors purchased the remaining 25,940-square-foot retail strip center. Jim Michalak and Jeff Berkezchuk of Plaza Advisors represented the seller, …

0 FacebookTwitterLinkedinEmail

Clermont, Fla. — GBT Realty Corp. has broken ground on Hammock Ridge Commons, a 30,500-square-foot shopping center located in Clermont, approximately 25 miles east of Orlando. An entity doing business as Shoppes at Hammock Ridge Crossing LLC sold the original 3.7-acre land parcel to GBT for $2.5 million. A 23,273-square-foot Sprouts Farmers Market will anchor Hammock Ridge Commons, while additional tenants at the property will include a dentist and nail salon. Roughly 1,700 square feet of inline space is still available for lease at the center. J. Raymond Construction Corp. is …

0 FacebookTwitterLinkedinEmail
Shopper's Haven

Pompano Beach, Fla. — A partnership between Stiles and FCA Partners has completed the redevelopment of Shopper’s Haven, a 200,144-square-foot retail center in Pompano Beach, roughly 10 miles north of Ft. Lauderdale. A new Publix Supermarket — which opened June 26 — anchors the center. Hawkins Construction served as the project’s general contractor, while Dunphy Development provided additional development and construction management services. First Horizon Bank provided financing for both the acquisition and redevelopment. Redevelopment of the site featured ground-up construction of the new Publix, along with upgrades to the property’s exterior, …

0 FacebookTwitterLinkedinEmail
Newer Posts