Florida

St. Petersburg, Fla. — Matthews Real Estate Investment Services has brokered the sale of Crosswinds Shopping Center, a 141,577-square-foot retail center located in St. Petersburg. Tenants at the property, which was fully leased at the time of sale, include Marshalls, Michaels, Bealls and Havertys. Wallace Enterprises and Crim & Associates acquired the center from an entity doing business as Crosswinds St. Pete LLC for an undisclosed price. Pierce Mayson, Kyle Stonis and Boris Shilkrot of Matthews represented the seller in the transaction. 

Pembroke Pines, Fla. — Marcus & Millichap has brokered the $6 million sale of Palm Plaza, a retail center located in Pembroke Pines. Tenants at the property, which totals 22,284 square feet, include Domino’s, Sushi Song and State Farm. The center was renovated in 2023 and fully leased at the time of sale. Jonathan De La Rosa, Eddie Toledo and Matthew Albregts of Marcus & Millichap represented the seller, an entity doing business as Westar at Palm Plaza LLC, in the transaction. A local private investor was the buyer. 

Tampa, Fla. — Funds managed by Cohen & Steers and Acadia Realty Trust have acquired The Walk at Highwoods, a 141,000-square-foot retail center located in Tampa. Tenants at the property, which was fully occupied at the time of sale, include HomeGoods, Michael’s, Dunkin’ Donuts, F45 Training and European Wax Center. “Open-air shopping centers are well positioned entering a new economic cycle, given robust demand and limited new retail construction,” says James Corl, head of the private real estate group at Cohen & Steers. 

Winter Haven, Fla. — Legacy Realty Group Advisors has arranged the $10.3 million sale of Winter Haven Medical Plaza, a retail center located in Winter Haven. Tenants at the 36,637-square-foot property include medical practices and service providers. Jacob Baruch and Ari Warshaw of Legacy represented both the buyer and seller in the transaction. 

Doral, Fla. — An affiliate of The Easton Group has acquired a single-tenant retail property and adjacent parking lot in Doral for $12 million. Situated within Miami International Mall, the property totals 150,108 square feet. JCPenney occupies the building. “We plan on keeping the current tenant in place as long as the rent payments remain current,” says Edward Easton, chief executive officer and chairman of The Easton Group.