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Shops at Bay City Point
FloridaInvestment salesNews

Marcus & Millichap Arranges $8.2 Million Sale of Retail Center in Panama City, Florida

by Abby Cox

Panama City, Fla. — Marcus & Millichap has arranged the $8.2 million sale of Shops at Bay City Point, a 21,540-square-foot retail center located in Panama City. Built in 2023, the center is part of the larger 24-acre Bay City Point retail development. Tenants at the property — which was fully leased at the time of sale — include Xfinity, The Vitamin Shoppe, Smile Doctors Orthodontists and Chicken Salad Chick. Shops at Bay City Point is situated across from the former Panama City Mall, a 600,000-square-foot site currently undergoing a …

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Tractor Supply Co.
FloridaInvestment salesNet leaseNews

CrownPoint Brokers $7.4 Million Sale of Single-Tenant Retail Property in Melbourne, Florida

by Abby Cox

Melbourne, Fla. — CrownPoint Partners has brokered the $7.4 million sale of a newly constructed, 22,686-square-foot single-tenant retail property in Melbourne. Tractor Supply Co. occupies the building — which was built in 2022 — and features an expanded lawn and garden center, as well as an on-site pet wash station. The property is net leased, with more than 13 years remaining on the corporate-guaranteed lease. Julius Swolsky and Shannon Bona of CrownPoint Partners represented both the seller, developer Primax Properties LLC, and the buyer, Nice Realty South LLC, in the …

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Little River District
Architecture and DesignDevelopmentFloridaMixed-useNewsRestaurants

Miami-Dade County Commission Approves $3 Billion Mixed-Use Development 

by Abby Cox

Miami — The Miami-Dade County Commission has granted final approval for Little River District, a $3 billion mixed-use development in Miami’s Little River and Little Haiti neighborhoods. SG Holdings, a joint venture between Swerdlow Group, SJM Partners and Alben Duffie, is the developer. Spanning 63 acres, the project is expected to include more than 5,700 affordable and workforce housing units alongside big box retail stores, small businesses, a major grocery operator, green public space and transit infrastructure with the addition of a new train station. Construction is expected to begin in …

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Galt Ocean Marketplace
FloridaGrocery-anchoredInvestment salesNews

Gazit Horizons Acquires Retail Center for $35.4 Million in Fort Lauderdale, Florida

by Abby Cox

Fort Lauderdale, Fla. — Miami-based Gazit Horizons Inc. has acquired Galt Ocean Marketplace, a 105,589-square-foot retail center located in the Galt Ocean Mile neighborhood of Fort Lauderdale, for $35.4 million. The property — which was 96 percent leased at the time of sale — is anchored by Winn-Dixie. Additional tenants at the center include CVS Pharmacy, Holy Cross Hospital, McDonald’s, Flagstar Bank and Sherwin-Williams. The acquisition of Galt Ocean Marketplace joins Gazit Horizons’ portfolio of Florida properties, including luxury residential towers AER Tampa and Maizon Brickell in Miami.

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Phenix Salon Suites
Company newsFloridaNews

Phenix Salon Suites Opens Two Locations in Florida

by Abby Cox

Orlando and Tampa, Fla. — Phenix Salon Suites has opened two new facilities in Florida. The first facility, located within Orlando Square Shopping Center in Orlando, is owned and operated by Alex Bello and Miguel Guerra. The second facility, which marks Phenix’s first location in the metro Tampa area, is located within Carrollwood Center in Tampa and is owned and operated by Cynthia Foreman and Christopher Foreman. Phenix Salon Suites currently has more than 21 open locations in the Orlando and West Florida regions.

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FloridaInvestment salesNews

Principal Asset Management Sells 204,000-Square-Foot Shopping Center in Lake Worth, Florida

by Abby Cox

Lake Worth, Fla. — Principal Asset Management has sold Pinewood Square Shopping Center, a 204,000-square-foot retail center in Lake Worth, roughly 35 miles north of Fort Lauderdale. The property was 99 percent leased to 42 tenants at the time of sale. Retailers at the center include T.J. Maxx/HomeGoods, Ross Dress For Less, Five Below, Goodwill and Delray Medical Center. The property also includes six outparcel buildings that are leased to Chase Bank, PNC Bank, Autozone, Outback Steakhouse, La Granja and Jiffy Lube. Mark Gilbert, Adam Feinstein and Mitch Halpern of Cushman …

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Dellagio Town Center
FloridaInvestment salesNews

CORE Acquires 109,489-Square-Foot Retail Center in Orlando, Florida

by Abby Cox

Orlando, Fla. — Core Investment Management (CORE) has acquired Dellagio Town Center, a 109,489-square-foot mixed-use retail center in Orlando, for $37.5 million. Located along the Dr. Phillips retail corridor, the multi-tenant center features 30 different brands including AdventHealth Medical Group, Nola’s Ice Cream, Fleming’s Prime Steakhouse & Wine Bar, Fred Astaire Dance Studios and Fifth Third Bank. CORE plans to enhance the property with an improved tenant mix and aesthetic renovations.

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Architecture and DesignDevelopmentFloridaInvestment salesMixed-useNews

Ardent Acquires 1.1-Million-Square-Foot Seminole Towne Center Mall in Florida, Plans Redevelopment

by Abby Cox

Sanford, Fla. — Atlanta-based The Ardent Co. (Ardent) has acquired Seminole Towne Center Mall, a 1.1-million-square-foot regional mall located in Sanford, with plans to develop the property into a mixed-use development. According to several local media outlets, Ardent purchased the center from Hollywood, Florida-based 4th Dimension Properties for roughly $17.5 million. While plans for the 76-acre property will include the addition of new retailers, multifamily housing and a hotel, the center’s four anchor tenants — Dillard’s, JCPenney, Dick’s Sporting Goods and Elev8 — will remain at the property. The original …

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FloridaGrocery-anchoredLeasingNews

CrossMarc Services Negotiates Five Leases at Springs Plaza in Longwood, Florida

by Abby Cox

Longwood, Fla. — Winter Park, Florida-based CrossMarc Services has negotiated five new leases at Springs Plaza, a 64,753-square-foot shopping center located approximately 15 miles north of Orlando. Among the new tenants are Foxtail Coffee; Children’s Art Classes; Level Up Pilates; 5th Nail Lounge; and Turning Point Dance Studio. Flavia Kanyago of CrossMarc represented the landlord, Baltimore-based MCB Real Estate, in the lease negotiations. Other tenants at the center — which is now 95 percent leased — include Tijuana Flats, First Watch, Jersey Mike’s, Hurricane Grill & Wings, Woof Gang Bakery …

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