Doral, Fla. — Terra has completed the construction of Doral Atrium, a 78,000-square-foot retail center located in Doral, roughly 16 miles outside Miami. Tenants at the property, which is currently 65 percent leased, include TREMBLE Pilates Studio, PNC Bank, Bonchon Chicken, UMARA, Sushi Mas and The Good Feet Store. RSP Architects designed the development.
Miami Beach, Fla. — Five new tenants have signed leases at Lincoln Road, a retail center located in Miami Beach. Scheduled to open late October, Hoka, Luli Fama and IT’SUGAR will occupy 3,128; 1,440; and 2,751 square feet, respectively. IT Italian Trattoria will also open a 3,300-square-foot restaurant in October, and Turkish dessert concept Turkish Delight has signed a 1,000-square-foot lease at the property.
Cape Coral, Fla. —Thompson Thrift has sold two retail buildings totaling 24,000 square feet in Cape Coral. Situated within Cape Coral Commons, the multi-tenant buildings each comprise 12,000 square feet. Tenants scheduled to open at the properties include First Watch, Mission BBQ, Firehouse Subs, Tire Kingdom, Paragon Healthcare, Crumbl Cookies, PJ’s Coffee and Visionworks. David Hoppe of Atlantic Retail arranged the sale on behalf of Thompson Thrift. A California-based buyer acquired the buildings for an undisclosed price. Cape Coral Commons also features a third multi-tenant building currently under construction, as well …
Juno Beach, Fla. — Bucksbaum Properties has acquired Plaza La Mer, a 111,000-square-foot shopping center located in Juno Beach. Built in 1988, the property comprises five buildings situated on 10 acres. Tenants at the center include Dunkin’ Donuts, Trustco Bank and Loggerhead Fitness.
Singer Island, Fla. — Pebb Capital has sold Ocean Walk, a 65,908-square-foot shopping center located in Singer Island, for $19.2 million. Pebb purchased the center in 2017 for nearly $7.6 million, at which time the center was 53 percent leased. The property is now fully leased to tenants including Wings Beachwear, 7-Eleven, Mulligan’s Beach House and Johnny Longboats. Situated on 10.5 acres, Ocean Walk features 492 surface parking spaces, four retail structures and 873 feet of unobstructed oceanfront space. Danny Finkle, Jorge Portela, Eric Williams and Kim Flores of JLL represented …
Jacksonville, Fla. — Gateway Jax has acquired 22 acres within Jacksonville’s downtown area to develop a $2 billion mixed-use project aimed at revitalizing the city’s urban core. The first phase of the project is called the Pearl Street District. Plans for Pearl Street District include three buildings in the North Core area of Jacksonville’s downtown, which will offer more than 1,000 multifamily units and 120,000 square feet of grocery-anchored retail space. The cost of phase one is expected to be approximately $500 million. The Jacksonville Downtown Development Review Board has approved …
West Palm Beach, Fla. — The first round of retail and restaurant tenants have signed leases to join the commercial district at Nora, a mixed-use development underway in downtown West Palm Beach. The tenants include three food-and-beverage concepts — Loco Taqueria & Oyster Bar, H&H Bagels and Van Leeuwen Ice Cream. Fitness concepts [solidcore] and Rumble Boxing will also join the tenant lineup. Upon completion, the first phase of Nora will comprise 25 eateries and several shops and wellness concepts. A partnership between NDT Development, Place Projects and Wheelock Street Capital is …
Miami — Dadeland Greenery LP, an entity sponsored by Orion Capital Partners, has purchased a mixed-use project in Miami for $58 million, with the price subject to the assumption of an existing $39 million mortgage. The property, known as both Greenery Mall and Dadeland Square, features 129,585 square feet situated on an 8.4-acre site, including ground-floor retail space attached to an eight-story, 84,913-square-foot office building. Retail tenants at the property include T.J. Maxx, HomeGoods, Guitar Center, JoAnn Fabric, Mattress Firm, Starbucks Coffee, Don Pan, The UPS Store and Jamba Juice. An …
Riverview, Fla. — CBRE has secured a $15.2 million loan for the refinancing of Shoppes of Southbay, a 99,542-square-foot retail center located in Riverview. Tenants at the property, which was fully leased at the time of financing, include Winn-Dixie, Tampa General Hospital, Buffalo Wild Wings, Panera Bread and Leslie’s Poolmart. Paul Ahmed and Mackenzie Lampman of CBRE arranged the loan through a life insurance company on behalf of the borrower, a partnership between Peter Wenzel of Wenzel Investment Group and Victor Ferraez. The partnership acquired the property, which was originally built …
Jacksonville, Fla. — SRS Real Estate Partners has brokered the $4.6 million sale of a 3,937-square-foot restaurant building located in Jacksonville. Panera Bread occupies the property, which was constructed earlier this year as an outparcel to Oakleaf Town Center. The 15-year, triple-net lease features scheduled rental increases every five years. Patrick Nutt and William Wamble of SRS represented the seller in the transaction.
