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Jacaranda-Plaza
FloridaGrocery-anchoredInvestment salesNews

Core Investment Buys 175,084-Square-Foot Publix-Anchored Shopping Center in Metro Fort Lauderdale

by Abby Cox

Plantation, Fla. — Core Investment Management has acquired Jacaranda Plaza, a 175,084-square-foot, grocery-anchored shopping center located in the Fort Lauderdale suburb of Plantation. Danny Finkle, Jorge Portela and Evan Lahr of JLL represented the seller, a joint venture between Epic Real Estate Partners and Heitman, in the transaction. Chris Drew, Brian Gaswirth and Luke Maganas, also of JLL, arranged acquisition financing for the purchase through U.S. Bank on behalf of the new ownership. Jacaranda Plaza is currently 97.9 percent leased to tenants including Publix, Ross Dress for Less, Five Below, …

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bjs-wholesale-club
FinanceFloridaNews

MMCC Arranges $7 Million in Financing for Single-Tenant Retail Property in Suburban Jacksonville

by Abby Cox

Orange Park, Fla. — Marcus & Millichap Capital Corp. (MMCC) has arranged $7 million in financing for a 109,895-square-foot single-tenant retail property in the Jacksonville suburb of Orange Park. BJ’s Wholesale Club occupies the building. Garrett Fierstein of MMCC secured the financing through a local credit union on behalf of a private client.

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Ziggurat_Miami_Coconut-Grove
DevelopmentFloridaMixed-useNews

Allen Morris Co. Obtains $138.5 Million Construction Loan for Coconut Grove Mixed-Use Project in Miami

by Abby Cox

Miami — Allen Morris Co. has obtained a $138.5 million construction loan for Ziggurat, a mixed-use development located in Miami’s Coconut Grove neighborhood. Faisal Ashraf of Lotus Capital Partners arranged the loan through BDT & MSD Partners and BHI, the U.S. bank of Israel-based Bank Hapoalim. Further details of the financing were not released. Designed by Oppenheim Architecture, Ziggurat will comprise two buildings featuring natural stone exteriors with gardens wrapping every level. The project will be situated on a 1.7-acre site at the intersection of Grand Avenue, Matilda Street and Florida …

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Esplanade at Aventura
FloridaInvestment salesNews

JLL Arranges $131 Million Sale of Esplanade at Aventura in South Florida

by Abby Cox

Aventura, Fla. — JLL has arranged the $131 million sale of Esplanade at Aventura, a 219,000-square-foot mixed-use development located in Aventura, roughly 20 miles north of Miami. Situated adjacent to Aventura Mall, the open-air development was completed in 2023. The center features several food and beverage concepts including STK, Joey’s, Amalfi Llama, North Italia, Pura Vida, Starbucks Coffee and Sweetgreen, as well as additional retail tenants such as LEGO, Anatomy Fitness, Pure Barre and One Medical. Industrial and professional service tenants occupy the property’s office space. Danny Finkle, Chris Angelone, …

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Wesley Chapel Station
DevelopmentFloridaGrocery-anchoredNews

SJC Ventures Breaks Ground on Whole Foods-Anchored Shopping Center in Metro Tampa

by Abby Cox

Wesley Chapel, Fla. — SJC Ventures has broken ground on Wesley Chapel Station, a 75,968-square-foot shopping center in Wesley Chapel, roughly 24 miles north of Tampa. A 35,518-square-foot Whole Foods Market will anchor the center, which will be located at the corner of Bruce B Downs and Aronwood boulevards. Other committed tenants include PopUp Bagels, CAVA, Naked Farmer, Petfolk, The Tox and a nail salon. The center has approximately 15,000 square feet of available vacancy, according to SJC Ventures. Adjacent to the shopping center, the Atlanta-based firm is underway on …

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Grove Park
FloridaGrocery-anchoredInvestment salesNews

Cushman & Wakefield Brokers Sale of 120,150-Square-Foot Grove Park Shopping Center in Lakeland, Florida

by Abby Cox

Lakeland, Fla. — Cushman & Wakefield has brokered the sale of Grove Park Shopping Center, a 120,150-square-foot, grocery-anchored shopping center located in Lakeland. Previously known as Southgate Shopping Center, the property was originally developed in 1960 by George Jenkins, the founder of Publix. Tenants at the center, which was 100 percent occupied at the time of sale, include CVS Pharmacy, Dollar Tree, Humanitary Medical Center and a Publix, which was fully rebuilt in 2019. Mark Gilbert, Adam Feinstein and Mitchell Halpern of Cushman & Wakefield represented the seller, Longpoint Partners, in …

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Sarasota-Square
DevelopmentFloridaGrocery-anchoredLeasingMixed-useNews

Torburn Signs Anchor Leases for Mixed-Use Redevelopment of Sarasota Square Mall

by Abby Cox

Sarasota, Fla. — Torburn Partners has signed two new anchor leases to kick off plans for its Sarasota Square project, a redevelopment of the former Sarasota Square Mall. The Chicago-based developer signed leases with Whole Foods Market and Homesense to anchor the first phase of the 96-acre mixed-use project. The retail portion is under construction, and the multifamily component will break ground in first-quarter 2026. Full plans for Sarasota Square include 1,200 luxury residential units; 530,000 square feet of retail, restaurant, and commercial space; and open-air gathering space for social …

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The Learning Experience
FloridaInvestment salesNews

SRS Real Estate Brokers $5.4 Million Sale of Single-Tenant Retail Property in Suburban Orlando

by Abby Cox

Davenport, Fla. — SRS Real Estate Partners has brokered the $5.4 million sale of a single-tenant retail property located in Davenport, roughly 25 miles southwest of Orlando. The Learning Experience, an early childhood education and childcare center, occupies the 10,000-square-foot building on a 20-year lease with 19 years remaining. The building also features a 5,000-square-foot outdoor play area. Built in 2024, the single-tenant property is situated within a larger retail development along U.S. Highway 27. William Wamble and Patrick Nutt of SRS Capital Markets represented the seller, a national commercial real estate …

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FloridaLeasingNews

Eight New Tenants Join Clay Town Center Near Jacksonville, Florida, as Center Continues Development

by Abby Cox

Middleburg, Fla. — Paradigm Partners has signed or opened eight new tenants to Clay Town Center, a newly constructed, 18,500-square-foot mixed-use retail and restaurant development in Middleburg, roughly 30 miles southwest of Jacksonville. Mattress Warehouse, MedPlus Pharmacy, Domino’s Pizza and Wingstop opened earlier this year, while Anejo Cocina Mexicana and Verde Vida Healthy Kitchen debuted at the center this month. Additionally, Sizzling Nails is expected to open in January and Firehouse Subs is anticipated to launch in April. Clay Town Center is expected to create more than 100 local jobs …

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Lincoln Road
DevelopmentFloridaNews

Comras Co. Unveils Plans for 150,000-Square-Foot Retail Destination in Miami Beach

by Abby Cox

Miami Beach, Fla. — Comras Co. has unveiled plans to develop a new micro-district to complement the north end of Lincoln Road, the retail high street of Miami Beach. Dubbed NoLi, the project will include 150,000 square feet of boutique retail, dining, wellness and lifestyle concepts, as well as 1,700 square feet of street frontage. Comras Co. recently purchased five properties along Lincoln Road and North Lincoln Lane for the development of NoLi, in which Acore Capital provided a $117 million loan for the acquisition. NoLi will reuse the existing buildings …

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