Port Charlotte, Fla. — JLL has brokered the $23.5 million sale of Promenades Port Charlotte, a 226,000-square-foot grocery-anchored shopping center located at 3280 Tamiami Trail in Port Charlotte. The 1970s-era property was completely renovated in 2024, and its Winn-Dixie anchor was recently rebranded to Aldi. Promenades Port Charlotte was 79.5 percent leased at the time of sale to tenants including Bealls Outlet, HCA Florida Fawcett Hospital and YouFit Gym. Danny Finkle, Jorge Portela, Kim Flores and Jacob Wise of JLL represented the undisclosed seller in the transaction. Kenny Cutler and …
Florida
Seminole, Fla. — SRS Real Estate Partners has negotiated the $4.3 million sale of a single-tenant retail property located in Seminole, approximately 23 miles west of Tampa. Circle K occupies the 5,200-square-foot building on a new 15-year, corporate-guaranteed, absolute triple-net lease. William Wamble and Patrick Nutt of SRS represented the seller, an Ohio-based national investor and developer. The buyer was a South Florida-based private investor.
Leesburg, Fla. — Marcus & Millichap has arranged the $11.5 million sale of Leesburg Marketplace, an 81,071-square-foot retail center located in Leesburg, about 45 miles northwest of Orlando. Salim Valiani of Marcus & Millichap marketed the property on behalf of the seller and procured the buyer in the transaction. Located at 1101-1107 West North Blvd., Leesburg Marketplace sits on roughly 9.4 acres and was built in 1987. The property was 95 percent leased at the time of sale to Dollar Tree, Ollie’s Bargain Outlet and the U.S. Army Corps. of Engineers, …
SRS Real Estate Arranges $14.8 Million Sale of Single-Tenant Retail Property Near Sarasota, Florida
Venice, Fla. — SRS Real Estate Partners has arranged the $14.8 million sale of a single-tenant retail property located in Venice, approximately 18 miles south of Sarasota. Sprouts Farmers Market occupies the 23,250-square-foot building, which was built in 2025, on a corporate-guaranteed lease with 19 years remaining. Patrick Nutt and William Wamble of SRS represented the seller, a national real estate developer, in the transaction. The buyer was a Detroit-based private investor.
Marcus & Millichap Brokers $19.5 Million Sale of Westgate Square Shopping Center in Orlando
Orlando, Fla. — Marcus & Millichap has brokered the $19.5 million sale of Westgate Square, a 136,189-square-foot, grocery-anchored shopping center located at 2625 Hiawassee Road in Orlando. Salim Valiani and Yassin Benkabbou of Marcus & Millichap represented the seller, a private high net worth individual from South Florida, in the transaction. Built in 1981 and renovated in 1990, Westgate Square was fully leased at the time of sale to Bravo Supermarket, Goodwill, Family Dollar and Hibbett Sports.
KRG Acquires Two Shopping Centers for $136 Million, Sells Six-Property Retail Portfolio for $255 Million
Sandy Springs, Ga. and Naples, Fla. — Indianapolis-based Kite Realty Group (KRG) has acquired two shopping centers in Florida and Georgia for $136 million. The first property is Chastain Market, a 121,000-square-foot, Trader Joe’s-anchored neighborhood center in Sandy Springs, that sold for $71 million. The second property is The Pointe at Founders Square, an 86,592-square-foot retail center located within the Founders Square mixed-use development in Naples. The unanchored center sold for $65 million. In addition to the acquisitions, KRG has also sold a six-property retail portfolio across four states for $255 …
Miami Beach, Fla. — Seven new tenants have signed leases along Lincoln Road, a mixed-use, open-air district in Miami Beach. Waxxed Sports Cards (1,450 square feet) and Lucky Box Vending Machine will open in June, while City Food Hall, an 18,000-square-foot culinary destination, along with Negroni Caffe and Sushi Bar (2,613 square feet) will open this summer. Biobliss (2,500 square feet) will debut in July, while Steve Madden will launch this fall/winter. In addition, Cajun Boil (4,565 square feet), Uniqlo (14,284 square feet) and All’Antico Vinaio (1,793 square feet) will open …
Bradenton, Fla. — SRS Real Estate Partners has arranged the $10.9 million sale of Heritage Station, a 13,538-square-foot retail center located in Bradenton. Spanning nearly 3 acres across two buildings, the newly constructed property was fully leased at the time of sale to tenants including Aspen Dental, Chipotle Mexican Grill, Five Guys, Einstein Bros. Bagels and America’s Best Contacts & Eyeglasses. Heritage Station sits adjacent to Marketplace at Heritage Harbour, a 500,000-square-foot shopping center. William Wamble and Patrick Nutt of SRS represented the seller and developer of the property, a joint …
GL Homes Welcomes Three New Restaurants to Riverland Town Center in Port St. Lucie, Florida
Port St. Lucie, Fla. — GL Homes has signed leases with three new restaurant tenants at Riverland Town Center, the centerpiece of the 4,000-acre master-planned community of Riverland in Port St. Lucie. Ristorante Chef Luca Corleone will open mid-summer, while Pepe’s Cantina is targeting a late fall or early winter debut. Max & Louie’s New York Diner is scheduled to open during a future phase of the project, which will be the brand’s first Florida location. Additional tenants secured at the property include Chase Bank, Bank of America, Club Pilates and …
BCIP Acquires 32.6 Acres on Florida’s Space Coast for Grocery-Anchored Mixed-Use Development
West Melbourne, Fla. — Barron Collier Investment Partners (BCIP) has acquired 32.6 acres from MultiVerse Global, the developers of the 225-acre Space Coast Town Center in West Melbourne, a city on Florida’s Space Coast. BCIP will develop The Landing at Space Coast, a planned mixed-use project that will serve as the cornerstone of the larger master-planned community. Phase I of the development will include approximately 77,750 square feet of retail space anchored by a grocery store, along with restaurant and service-oriented tenants and 300 residential apartments. Phase II will comprise 70,000 …