Florida

Altamonte Springs, Fla. — Franklin Street has negotiated the sale of Shoppes at Brantley Hall, a 34,460-square-foot unanchored retail center located in Altamonte Springs, roughly 16 miles outside Orlando. Built in 1989, Shoppes at Brantley Hall was 97 percent leased at the time of sale to tenants including Pet Supplies Plus, Orlando Health, Edward Jones and Fiesta Azul Tequila House. Last Mile Investments plans to make upgrades and continue operating the center while “maintaining the asset’s strong tenant mix and stable performance.” Last Mile Investments purchased the property from an entity doing business as …

North Port, Fla. — Marcus & Millichap has arranged the $10.8 million sale of North Port Village, a 66,083-square-foot neighborhood retail center located in North Port. Planet Fitness anchors the property, which was fully leased at the time of sale. Additional tenants include Humana, NAPA Auto Parts and Do The Beach adventure park. North Port Village was originally built in 1989 on nearly 11 acres. Clayton Brown, Luke Holsinger and Ruthanne Loar of Marcus & Millichap’s Seattle office procured the buyer, a Seattle-based private investor. Drew Kristol and Kirk Olson, …

Naples, Fla. — CrownPoint Partners has brokered the $11.5 million sale of a single-tenant retail property located within the Golden Gate Estates community in Naples. Tractor Supply Co. occupies the 23,279-square-foot building on a 15-year corporate guaranteed lease as a new prototype store layout, which includes an outdoor garden area, feed center and fenced-in display space.   Shannon Bona and Julius Swolsky of CrownPoint Partners represented the seller, a Southeast-based developer, in the transaction. David Weinberg of Marcus & Millichap represented the buyer, a Midwest-based private 1031 exchange investor.

Miami ­— El Paso, Texas-based River Oaks Properties (ROP) has acquired a 5,875-square-foot retail property located at 111-115 NE 40th St. in Miami’s Design District for $27 million. Luxury luggage manufacturer Rimowa and footwear brand Birkenstock fully occupy the property on long-term, triple-net leases. Pegasus Investments Real Estate Advisory represented the buyer in the transaction. Jordan Gimelstein of Inhouse Commercial represented the seller, an affiliate of Harbor Group International. Akerman LLP’s Miami office served as legal advisor to ROP. Miami’s Design District features a mix of high-end retailers including Louis Vuitton, …

Stuart, Fla. — Conshohocken, Pennsylvania-based CenterSquare has acquired Baron Shoppes, a 16,316-square-foot service retail center located in Stuart, approximately 40 miles north of West Palm Beach. Tenants at the center, which was fully leased at the time of sale, include Carmela Coffee, Firehouse Subs and Jupiter Medical. Baron Shoppes was originally built in 2018 on nearly 7 acres, according to LoopNet Inc. This transaction marks CenterSquare’s 8th acquisition in Florida.