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 …
Ocala, Fla. — SRS Real Estate Partners has brokered the $3.7 million sale of a 6,119-square-foot gas station and convenience store situated on 2.3 acres in Ocala, a city in Central Florida. Wawa occupies the newly constructed property on a 20-year, corporate-guaranteed ground lease. Patrick Nutt and William Wamble of SRS represented the seller, a Florida-based development firm, in the transaction. An undisclosed, privately held buyer purchased the property in a 1031 exchange.
Key West, Fla. — JLL has brokered the $74.5 million sale of Key Plaza Shopping Center, a 230,970-square-foot retail center located in Key West. Publix anchors the property. Other tenants include junior anchors OfficeMax and Dollar Tree. Manny DeZarraga, Danny Finkle, Eric Williams, Jorge Portela and Kim Flores of JLL represented the undisclosed seller in the transaction.
Pompano Beach, Fla. — Marcus & Millichap has arranged the $30 million sale of Shoppers Haven, a 205,567-square-foot shopping center in Pompano Beach. Built in 1964 and renovated in 1999, 2013 and 2023, the property will see the addition of a new Publix supermarket, with construction scheduled to begin over the next 30 days. The buyer, Stiles Corp., also plans to implement improvements to storefronts, façades, landscaping, the parking lot and signage. Tenants at the center include Michaels, Bealls, Walgreens, Party City, YouFit, Outback Steakhouse, Comcast, H&R Block, Domino’s Pizza and …
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Nordstrom to Open 26 New Nordstrom Rack Stores
Seattle — Seattle-based retailer Nordstrom has announced plan to open 26 new Nordstrom Rack stores. Openings are scheduled to begin this spring and continue through spring 2025. The sites of the new stores include locations in Arizona, California, Florida, Georgia, Illinois, Indiana, Nebraska, New Jersey, New York, North Carolina, Ohio and Texas.
Miami Springs, Fla. — Marcus & Millichap has brokered the $9.2 million sale of single-tenant retail property located in Miami Springs. Office Depot occupies the building on a triple-net-lease basis. Scott Sandelin of Marcus & Millichap represented the undisclosed seller, which acquired the property in 2012, in the transaction. Jorge Ruiz of Platinum Properties represented the undisclosed buyer.
Miami Beach, Fla. — Four new retailers have joined Lincoln Road, a retail development spanning eight blocks in Miami Beach. Food-and-beverage concepts OAKBERRY, Ladurée and Pizzeria Romana now occupy 560, 302 and 1,900 square feet at the center, respectively. Jewelry brand MAJORICA has also opened a 1,400-square-foot store at Lincoln Road. Additionally, eyewear retailer Oakley reopened at the property in February.
Lake Mary, Fla. — Cushman & Wakefield has arranged the sale of Shoppes of Lake Mary, a 74,234-square-foot shopping center located in Lake Mary, roughly 20 miles outside Orlando. Tenants at the property, which was 97 percent leased at the time of sale, include HomeSense, PNC Bank, Jeremiah’s Italian Ice and Gator’s Dockside. An entity related to Phillips Edison & Co. acquired the property for an undisclosed price. Mark Gilbert, Adam Feinstein and Mitchell Halpern of Cushman & Wakefield represented the seller, an affiliate of Nuveen Real Estate, in the transaction.
Orlando, Sarasota and Tampa, Fla. — Beverage concept Sip Fresh has signed a franchise deal for the development of three new stores in Florida. Franchisee Ryan McGrail will own and operate the stores, which will be located in Orlando, Sarasota and Tampa. Sip Fresh also recently signed multi-unit deals throughout California.