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FloridaGrocery-anchoredInvestment salesNews

Marcus & Millichap Brokers $9.6 Million Sale of Grocery-Anchored Shopping Center in Metro Tampa

by Abby Cox

Seffner, Fla. — Marcus & Millichap has brokered the $9.6 million sale of North Grove Center, a 69,757-square-foot retail center located in Seffner, approximately 15miles east of downtown Tampa. Drew Kristol and Kirk Olson of Marcus & Millichap marketed the property on behalf of the seller, a Florida-based private investment group, in the transaction. Discount grocery chain Save A Lot anchors North Grove Center, which features a mix of additional tenants such as Planet Fitness, Dollar Tree and Ace Hardware, along with various local shops, restaurants and service-oriented retailers. Recent …

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Venetia-Village
FloridaGrocery-anchoredInvestment salesNews

Cleeman Realty Group Negotiates $9.1 Million Sale of Venetia Village in Jacksonville, Florida

by Abby Cox

Jacksonville, Fla. — Cleeman Realty Group has negotiated the $9.1 million sale of Venetia Village, a 93,925-square-foot shopping center located in Jacksonville. The center is situated on about 10 acres and has been owned and operated by the same family for more than 40 years. Winn-Dixie anchors the property, which features additional tenants such as Dollar General, Anytime Fitness and Dunkin’ Donuts. The new ownership plans to modernize the property and enhance the overall tenant mix. Michael Cleeman of Cleeman Realty Group represented the buyer, an entity doing business as Gator …

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DevelopmentFloridaIndianaKentuckyNewsRetailers

BJ’s Wholesale to Open New Locations in Three States

by Abby Cox

Marlborough, Mass. — BJ’s Wholesale Club is set to open new locations in Kentucky, Florida and Indiana. The new clubs are part of the Marlborough, Massachusetts-based company’s ongoing strategy to open 25-30 new clubs every two years. The new clubs will be in: • Frankfort, Kentucky • Ocala, Florida • Lecanto, Florida • Port St. Lucie, Florida • Portage, Indiana With the announcement of these locations, BJ’s plans to open a total of 12 new clubs in the 2026 fiscal year, inclusive of BJ’s recent launch in Texas with four …

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FloridaGrocery-anchoredInvestment salesNews

Colliers Negotiates $25 Million Sale of Grocery-Anchored Retail Center in Orlando

by Abby Cox

Orlando, Fla. — Colliers has negotiated the sale of West Colonial Oaks, a 161,333-square-foot, grocery-anchored retail center located at the intersection of West Colonial Drive and Hiawassee Road in Orlando. A Dallas-based family office purchased the property for $25 million. Brad Peterson and Whitaker Leonhardt of Colliers represented the seller, Newport Capital Partners, in the transaction. West Colonial Oaks, which was 95 percent leased at the time of sale, features a mix of tenants including SuperFresh Market, Ollie’s Bargain Outlet, Family Dollar and Crazy Buffet. In November 2025, Japanese-inspired lifestyle and …

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St-Petersburg-retail-property
FloridaInvestment salesNews

Granite Capital Acquires 97,502-Square-Foot Retail Property in St. Petersburg, Florida, for $7.8 Million

by Abby Cox

St. Petersburg, Fla. — Granite Capital has acquired 4501 66th Street North, a 97,502-square-foot, two-tenant retail property located in St. Petersburg, for $7.8 million. Daniel Solomon and Jon Cashion of Katz & Associates represented the seller, Fuqua Development, in the transaction. The newly remodeled center, which is shadow anchored by Sprouts Farmers Market, is fully occupied by Five Below and At Home.

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FloridaInvestment salesNews

SRS Real Estate Brokers $11.1 Million Sale of Retail Property in Jacksonville, Florida

by Abby Cox

Jacksonville, Fla. — SRS Real Estate Partners has arranged the $11.1 million sale of Shops at Race Track, a nearly 17,000-square-foot retail center located at 4560 Race Track Road in Jacksonville. Situated on 2.4 acres within the Durbin Park master-planned community, the property was fully leased at the time of sale to six tenants including Heartland Dental, Dep Nails and Avecina Medical. Patrick Nutt and William Wamble of SRS represented the seller, a national real estate development and investment firm, in the transaction. Sean McGill of Cantrell & Morgan represented …

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FloridaInvestment salesNews

Second Horizon Capital Purchases 710,000-Square-Foot Retail Center in Melbourne, Florida

by Abby Cox

Melbourne, Fla. — Second Horizon Capital has acquired Melbourne Square, a 710,000-square-foot retail center in Melbourne, a city on Florida’s Space Coast. A joint venture between Neuberger Berman and Cross Ocean Partners arranged the sale. According to the Orlando Business Journal, the shopping center sold for $56.3 million on March 2. Second Horizon Capital has implemented a capital improvement program, which will comprise supporting community engagement, center operations, building upgrades and expanding programming and partnerships with local organizations and businesses. CBRE will handle leasing and property management at the center. …

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CaliforniaFloridaGrocery-anchoredNewsTexasVirginia

Bain Capital, 11North Acquire Five Open-Air Retail Centers Across Four States for $300 Million

by Abby Cox

California, Virginia, Florida and Texas — A joint venture between Bain Capital and 11North Partners has acquired five open-air retail centers for approximately $300 million. The properties total roughly 757,000 square feet and are located in Carlsbad, California; Falls Church, Virginia; Altamonte Springs, Florida; and Sugar Land, Texas. The seller was not disclosed. Anchor tenants of the portfolio include Harris Teeter, Trader Joe’s, Walmart, Costco and Equinox, with sales from those anchor stores exceeding $900 per square foot. The portfolio, which was more than 93 percent occupied at the time …

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DevelopmentFloridaNews

MMG Plans to Develop 35,810-Square-Foot Retail Center at Kendall Town Center in South Florida

by Abby Cox

West Kendall, Fla. — MMG Equity Partners is under contract to acquire a 5.1-acre site within Kendall Town Center, a 70-acre master-planned community in West Kendall. The project, called The Shops at Kendall Town Center, will feature 35,810 square feet of restaurants and shops and 4,321 square feet of outdoor terrace space. The developer has submitted plans to Miami-Dade County and is currently seeking administrative site plan approval. The site is located at the intersection of North Kendall Drive (SW 88th Street) and Southwest 158th Avenue. MMG has selected Ed …

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Dutch-Bros_Lutz
FloridaInvestment salesNews

SRS Brokers $6.6 Million Sale of Two Adjacent Retail Properties in Metro Tampa

by Abby Cox

Lutz, Fla. — SRS Real Estate Partners has brokered the $6.6 million ground lease sale of two adjacent retail properties located at 18640 and 18710 Fla. Highway 54 in Lutz, a northern suburb of Tampa in Hillsborough County. Dutch Bros and Fifth Third Bank occupy the two newly developed properties on triple-net leases, with 15 and 20 years remaining on their terms, respectively. Patrick Nutt and William Wamble of SRS represented the seller, an Atlanta-based development and investment group, in the portfolio transaction. The Tampa-based buyer purchased both properties in …

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