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FinanceFloridaNews

CBRE Secures $15.2 Million Refinancing for Retail Center in Metro Tampa

by Hayden Spiess

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 …

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FloridaInvestment salesNet leaseNewsRestaurants

SRS Brokers $4.6 Million Sale of Restaurant Building in Jacksonville, Florida

by Hayden Spiess

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. 

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Church-Street-Market_Orlando-Fla
FloridaLeasingNewsRestaurants

Five Tenants Sign Leases Totaling 25,000 Square Feet at Church Street Market in Orlando, Florida

by Hayden Spiess

Orlando, Fla. — Five tenants have signed 10-year leases at The Church Street Market, the 72,000-square-foot retail space at 55 West, an apartment tower located in downtown Orlando. Restaurants Birria 1983, The Bao Spot and BluWave Sushi will occupy 3,800; 2,100; and 3,000 square feet, respectively. Additionally, SAK Comedy Lab will lease 7,200 square feet, and Luxe Med Spa will open a 3,800-square-foot spa at the property. The new leases bring Church Street Market, which was built in 2006, to 91 percent occupancy. Aaron Dan and Kathy Bonini of Lincoln Property …

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FloridaLeasingNews

Gifts & More at The Paper Store to Open 12,000-Square-Foot Store in Viera, Florida

by Hayden Spiess

Viera, Fla. — Gifts & More at The Paper Store will open an outpost at The Avenue Viera, a retail center located in Viera. Scheduled to open next week, the store will total 12,000 square feet. Other tenants at the center include lululemon, Sephora and Club Pilates. WS Development is the landlord. 

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Crush-Yard
DevelopmentEntertainmentFloridaNewsSouth Carolina

Crush Yard to Open Two Pickleball Clubs Totaling 90,000 Square Feet in Florida, South Carolina

by Hayden Spiess

Orlando, Fla. and Mount Pleasant, S.C. — Crush Yard will open two new pickleball clubs in Florida and South Carolina. Opening later this month, the first venue will total 40,000 square feet in Mount Pleasant, South Carolina. In November, a 50,000-square-foot facility will open in Orlando, occupying a former Bed Bath and Beyond building. The clubs will feature pickleball courts, as well as access to coaches. The South Carolina Crush Yard will also feature coffee from One Nation Coffee and beer from Holy City Brewing. 

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Lake-Harris-Square_Leesburg-Fla
FloridaGrocery-anchoredInvestment salesNews

Legacy Arranges Sale of 61,220-Square-Foot Shopping Center in Florida

by Hayden Spiess

Leesburg, Fla. — Legacy Realty Group Advisors has arranged the sale of Lake Harris Square, a 61,220-square-foot shopping center located in Leesburg. Winn Dixie anchors the property. Daniel Baruch and Ari Warshaw of Legacy arranged the $6.3 million transaction, with Robert Monahan of Island Associates Real Estate and Will Bingham and Matthew Bingham of Bingham Realty Inc. 

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1000-27th-Street_Miami-Beach-Fla
FloridaInvestment salesNews

Azora Purchases Retail Building in Florida for $16 Million

by Hayden Spiess

Miami Beach, Fla. — Azora has purchased an 18,000-square-foot retail building in Miami Beach for $16 million. Azora acquired the property, which was fully leased at the time of sale, through its subsidiary Azora Exan. The buyer plans to maintain the current operation of the building, with gradual increases to rental rates. 

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Picklr
ArizonaColoradoCompany newsDevelopmentFloridaGeorgiaIllinoisMinnesotaNevadaNewsTennesseeTexasUtahWyoming

The Picklr to Open 80 New Venues in 11 States

by Hayden Spiess

Kaysville, Utah — Utah-based indoor pickleball brand The Picklr will open 80 new venues across eleven states, including Arizona, Colorado, Florida, Georgia, Illinois, Minnesota, Nevada, Tennessee, Texas, Utah and Wyoming. The facilities will be opened in partnership with 13 new franchisees. “With seven corporate owned facilities, our first-mover advantage has undeniably led to a high level of interest from well capitalized candidates across the entire country,” says Scott Schubiger, chief growth officer of The Picklr. 

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16000-Pines-Market_Pembroke-Pines-Fla
FloridaGrocery-anchoredInvestment salesNews

Terra Sells 16000 Pines Market Retail Center in Florida for $56 Million

by Hayden Spiess

Pembroke Pines, Fla. —Terra has sold 16000 Pines Market, a 135,000-square-foot retail center located in Pembroke Pines, for $56 million. Situated on 13.2 acres and developed between 2020 and 2022, the property was fully leased at the time of sale. Publix anchors the center. Other tenants include Crunch Fitness, Burlington, First Watch Café, Verizon Wireless, Everglades Family Dental, Tropical Smoothie Café, Cheddar’s Scratch Kitchen, Jersey Mike’s Subs and MD-Now Urgent Care Center. The property also features two standalone parcels that house a U.S. post office and Regions Bank. Mark Gilbert and …

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8701-W-Hillsborough-Ave_Tampa-Publix
FloridaInvestment salesNet leaseNews

Marcus & Millichap Brokers $7.3 Million Sale of Single-Tenant Property in Tampa, Florida

by Hayden Spiess

Tampa, Fla. — Marcus & Millichap has brokered the $7.3 million sale of a freestanding store located in Tampa. Publix occupies the 64,031-square-foot property on a net-lease basis. Situated on 6.3 acres, the store was built in 1977 as an Albertsons. Evan Cannan and Reid Thedford of Marcus & Millichap represented the seller, a private investor whose family has owned the land for nearly a century. Dean Zang, David Crotts, and Josh Ein of Marcus & Millichap procured the buyer. 

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