Sunrise, Fla. — Marcus & Millichap has brokered the $5.7 million sale of West Commercial Landings, a retail center located in Sunrise. Tenants at the property, which totals 11,700 square feet and was 87 percent leased at the time of sale, include Huey Magoo’s, McAlister’s Deli, Verizon Wireless and Papa John’s. Drew Kristol and Kirk Olson of Marcus & Millichap represented the seller, Konover South, in the transaction. Stablewood Properties was the buyer.
Florida
Houston and Pompano Beach, Fla. — Longpoint Partners has purchased two shopping centers for a total of $45.7 million. The properties — Plaza Mexico in Houston and Palm Aire Marketplace in Pompano Beach, Florida — comprise 103,907 and 143,219 square feet, respectively. El Rancho anchors Plaza Mexico, which was 96 percent occupied at the time of sale, and El Presidente Supermarket anchors Palm Aire Marketplace, which was 90 percent leased at the time of sale. Both properties will be managed under Longpoint’s new Lena Centers brand.
Tampa, Fla. — SJS Realty Management has sold Fowler Plaza South, a retail center located in Tampa, for $12.6 million. Tenants at the property, which totals 57,093 square feet, include Dollar General, Champs, AT&T, Jimmy John’s, Foot Locker and Amscot. The center was 97 percent occupied at the time of sale. Jim Michalak and Jeff Berkezchuk of Plaza Advisors represented the seller in the transaction.
Boynton Beach, Fla. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has brokered the $31 million sale of Village Square at Golf, a 135,133-square-foot shopping center located in Boynton Beach. KC Market anchors the property, which was built in 1983 and renovated in 2012. Other tenants at the center, which was 93 percent occupied at the time of sale, include Enterprise Rent-A-Car, Quest Diagnostics, The UPS Store, Boynton Quality Medical Center and Anthony’s Ladies’ Apparel. Kirk Olson and Drew Kristol of IPA represented the seller, a publicly traded …
Winter Park, Fla. — Benderson Development has acquired Park Plaza, a 25,000-square-foot mixed-use property located in University Park, approximately six miles outside Orlando. The building features a 28-room boutique hotel as well as retail space. Benderson also recently acquired the Cypress Trace and Carillon Place shopping centers in Fort Myers and Naples.
Fort Myers, Fla. — Benderson Development has acquired Cypress Trace, a 280,000-square-foot retail center located in Fort Myers. Winn-Dixie anchors the property, which spans 29 acres. Other tenants at the center include Five Below, Burlington and Ross Dress for Less. Benderson’s other recent acquisitions in the state include Carillon Place in Naples, North River Marketplace in Venice, Glengary Shoppes in Sarasota and Linton Commons in Delray Beach.
Orlando, Fla. — Marcus & Millichap has negotiated the $6 million sale of Orange Avenue Plaza, a retail center located in Orlando. Situated near Orlando’s downtown business district, the property comprises seven units. Tarek Chbeir of Marcus & Millichap represented the undisclosed seller in the transaction.
Fort Lauderdale, Fla. — BurgerFi International (NASDAQ: BFI) has filed for voluntary Chapter 11 bankruptcy protection. The Fort Lauderdale-based company operates under two brands: BurgerFi and Anthony’s Coal Fired Pizza & Wings. The two entities have a total of 144 restaurants open across the United States, Puerto Rico and Saudi Arabia. The filing pertains to 67 corporately owned locations operating under both the BurgerFi and Anthony’s banners. The remaining 77 franchisee-owned locations are excluded from the filing, with the company’s total portfolio expected to remain open and continue normal operations. BurgerFi …
Coconut Creek, Fla. — Four new tenants have signed leases at Promenade at Coconut Creek, a shopping center located in Coconut Creek. Fragrance store Orientica is now open at the property, within a 1,045-square-foot space. Karma Bath & Body Co. is scheduled to open a 1,868-square-foot store later this month, and My Phone Lab and Happy Monkey will occupy 1,801 and 1,000 square feet, respectively, beginning in October. Avison Young manages and leases Promenade at Coconut Creek.
Fort Myers, Fla. — CBRE has brokered the $14.6 million sale of College Plaza, a retail center located in Fort Myers. An entity doing business as College Plaza Center LLC acquired the property from an entity doing business as College Venture 1 LLC. Jim Shiebler of CBRE represented both the buyer and seller in the transaction. Tenants at College Plaza, which totals 56,386 square feet, include Ada’s Natural Market, West Marine and Pet Supermarket. The center also features an outparcel occupied by Five Guys, Tijuana Flats and The Good Feet Store.