Florida

Palmetto Bay, Fla. — Marcus & Millichap has brokered the $11.9 million sale of Coral Reef Plaza, a 29,115-square-foot retail center located in Palmetto Bay, approximately 15 miles southwest of downtown Miami. Jonathan De La Rosa and Eddie Toledo of Marcus & Millichap procured the buyer in the transaction. Located at 15295 and 15315 S. Dixie Highway, the nearly 2-acre property includes 34 suites across a mix of retail and office space, including a freestanding Taco Bell, a multi-tenant retail strip and a mixed-use building.

Orlando, Fla. — Marcus & Millichap has brokered the $9.9 million sale of the Shoppes at Turkey Lake, a 19,213-square-foot retail center located in Orlando. Doug Mandel, Tarek Chbeir, Zach Levine and Cody Hershey of Marcus & Millichap represented the seller and procured the buyer, Darna Developments LLC, in the transaction. Built in 2014 on nearly 2 acres, Shoppes at Turkey Lake is fully leased to Rokka’s Market, AYR Cannabis Dispensary and Club Champion.

Mount Dora, Fla. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has brokered the $12.4 million sale of Tri-Cities Shopping Plaza, a 71,172-square-foot shopping center located in Mount Dora, roughly 30 miles northwest of downtown Orlando. Kirk Olson and Drew Kristol of IPA represented the seller, Davie, Florida-based Ross Realty Investments, and procured the buyer, a Florida-based investor. T.J. Maxx, Ross Dress for Less and Dollar Tree anchor Tri-Cities Shopping Plaza, which was fully leased at the time of sale. Additional tenants include VIPcare Mount Dora, Victoria’s …

Summerfield, Fla. — Colliers has brokered the $13.5 million sale of Spruce Creek Shoppes, a 42,203-square-foot shopping center located at 17860 S.E. 109th Ave. in Summerfield. The retail center sits within the trade area of The Villages, a master-planned community in Central Florida often cited as the No. 1 retirement destination in America. Tommy Isola, Harry Blyden and Billy Weiser of Colliers represented the seller, an entity doing business as Spruce Creek Holdings, in the transaction. About 80 percent of Spruce Creek Shoppes’ tenancy are restaurant, medical and service-oriented retailers, …

Apopka, Fla. — SRS Real Estate Partners has arranged the $5.3 million sale of the Shoppes at Hunt Club, an 8,211-square-foot retail property located in Apopka, approximately 12 miles northwest of Orlando. William Wamble and Patrick Nutt represented the seller, a Florida-based national investor and developer, in the transaction. The 1031 exchange buyer was a Florida-based private investor. Built in 2006 on nearly 1.5 acres, the Shoppes at Hunt Club was fully leased at the time of sale to tenants including Firehouse Subs, Smoothie King, Spectrum and MUV Dispensary.

West Palm Beach, Fla. — Marcus & Millichap has brokered the $3.5 million sale of an 8,450-square-foot retail property located in West Palm Beach. City Furniture purchased the property, which is adjacent to their existing West Palm Beach store, with plans to expand its footprint and redevelop the site. Built in 1979, the single-tenant retail property sits on less than one acre along Palm Beach Lakes Boulevard. The building was vacant at the time of sale and was previously occupied by Bedding Barn.  Nicholas McAndrew of Marcus & Millichap represented the seller, a private trust, and …

Hollywood, Fla. — Marcus & Millichap has brokered the $4.1 million sale of a 2,800-square-foot retail property located along the Hollywood Beach boardwalk in South Florida’s Broward County. Drew Kristol and Kirk Olson of Marcus & Millichap’s Miami office marketed the property on behalf of the seller, a private South Florida-based investment group. The two-tenant retail property is fully leased to Fat Tuesday and Hollywood Beach Trikke, which has operated at the site since 2009.