Miami — ASG Equities has sold a 4,500-square-foot retail building located Miami’s Design District for $14 million. Dacra acquired the property, which was fully leased to luxury brands Ksubi and Orlean at the time of sale. This marks the final transaction for a three-property portfolio sold by ASG in recent months. The company is actively developing a 500,000-square-foot mixed-use development nearby, Parterre 42, with co-developer Helm Equities.
Perry, Fla. — Timber Development Corp. has acquired Perry Village Plaza, a 12,000-square-foot shopping center located in Perry. An undisclosed seller sold the property for $2.6 million. Tenants at the center include T-Mobile, Verizon, Cricket Wireless, H&R Block and Smoke Shop.
Estero, Fla. — WMG Development has opened Shoppes at Verdana Village, a 78,000-square-foot retail center in Estero. Publix anchors the property. Other tenants at the center include Publix Liquor, Heartland Dental, Dunkin’ Donuts, The Nail Spa Estero, New York Pizza & Pasta and The UPS Store. WMG acquired the land from Cameratta Cos.
Sarasota, Fla. — Publix Super Markets has opened a 48,000-square-foot grocery store at Fruitville Farms, a mixed-use development currently underway in Sarasota. Benderson Development is the master developer of the public-private partnership, which will feature 150,000 square feet of retail and restaurants, in addition to 600 apartments and a new 120,000-square-foot Sarasota County Administration Center. Publix is the first tenant to open at the shopping center within Fruitville Farms.
Kissimmee, Fla. — JLL Capital Markets has arranged a $47.1 million loan for the refinancing of The Crosslands, a 529,212-square-foot retail center in Kissimmee, roughly 20 miles outside Orlando. The borrower is a joint venture between Hampshire Cos., Federated Hermes and O’Connor Capital Partners. The Fresh Market, Burlington, Academy Sports, Hobby Lobby, Marshalls/HomeGoods and Ross Dress for Less anchor the property, which was developed between 2014 and 2016 and fully leased at the time of financing. Jon Mikula, Michael Klein, Brian Gaswirth, Michael Kavaler and Val McWilliams of JLL secured the …
Houston — Houston-based Partners Real Estate has arranged the sale of three JCPenney-occupied retail properties totaling 302,161 square feet. The stores are located in Newnan, Georgia; Kissimmee, Florida; and Aurora, Colorado. Dimitri Jordan of Partners represented the buyer in the transaction.
Miami — Bowlero Corp. has opened Lucky Strike Miami, a 30,000-square-foot entertainment venue within the $6 billion Miami Worldcenter development. The facility is the second new build for Bowlero under the Lucky Strike name since acquiring the brand in September 2023. Lucky Strike Miami features 28 bowling lanes, an arcade, craft cocktail bar, food service and a VIP room with six private bowling lanes.
Marlborough, Mass. — BJ’s Wholesale Club, a Massachusetts-based operator of member retail warehouse locations, plans to open five new clubs in the Southeast and Indiana this fiscal year, which ends Feb. 1, 2025. The new clubs will be located in Maryville, Tennessee, a suburb of Knoxville; Myrtle Beach, South Carolina; Palm Coast and West Palm Beach in South Florida; and Carmel, Indiana, a suburb of Indianapolis. Earlier this month, the company announced its plans to open a new store near Jefferson Mall in Louisville, Kentucky. BJ’s Wholesale Club’s current portfolio comprises …
Sanford, Fla. — CTO Realty Growth has acquired Marketplace at Seminole Towne Center, a 318,000-square-foot retail center located in Sanford, approximately 25 miles outside Orlando. An undisclosed seller sold the center for $68.7 million. Situated on 41 acres, the property was 98 percent leased at the time of sale. Burlington, Marshalls, World Market, Petco, Ross Dress for Less, Old Navy, Ulta Beauty and Five Below anchor the center.
Fort Lauderdale, Fla. — Hines and partners Urban Street Development, Cresset Real Estate, Las Americas, Hudson Capital and Halmos Holdings have broken ground on FAT Village, a 5.6-acre mixed-use project located in Fort Lauderdale. The first phase, which is scheduled for completion in 2027, will feature 74,000 square feet of retail space, in addition to 601 apartment units and 180,000 square feet of mass timber office space, dubbed T3 — Timber, Transit and Technology. A second phase will be developed upon completion of the first. In total, the project will comprise …
