Jacksonville, Fla. — Locally based real estate development firm Gateway Jax has signed a lease with Publix to anchor Pearl Square, a 1.5 million-square-foot mixed-use development underway in Jacksonville. The new Publix will span 31,000 square feet in a building that will also include a 15-story residential tower with 250 apartment units and 400 parking spaces. Gateway Jax and Corner Lot are expected to begin construction on the grocery store in summer 2026. Upon completion of Pearl Square, the $2 billion development will comprise 1,250 residential units, approximately 200,000 square feet …
Florida
Academy Sports + Outdoors Opens 11 New Stores in Third Quarter 2025
Katy, Texas — Katy, Texas-based Academy Sports + Outdoors has opened 11 new stores in the third quarter of this year, with plans to debut a total of up to 25 new locations in 2025. The sporting goods and outdoor recreation retailer has already launched three new locations in Boardman, Ohio; Beaufort, South Carolina; and Virginia Beach, Virginia; and will open eight more stores in fall 2025 in Rome, Georgia; Cullman, Alabama; Mishawaka, Indiana; Lakeland, Florida; Columbia, Tennessee; Albany, Georgia; Palestine, Texas; and Batesville, Mississippi. The 11 new store openings this …
Miami — Marcus & Millichap has brokered the $4.2 million sale of an 11,042-square-foot development site located in the Little Havana neighborhood of Miami. Formerly home to the Wagon Wheel Motel, the site is situated within the Arts and Entertainment district. Jonathan De La Rosa and Eddie Toledo of Marcus & Millichap marketed the property on behalf of the seller and procured the buyer, along with Nicholas Hassan, also of Marcus & Millichap.
Jupiter, Fla. — Miami-based Orion Real Estate Group has sold The Shoppes at Jupiter, a 197,000-square-foot shopping center located in Jupiter for $52.8 million. Orion originally acquired the property in 2015 for $27.8 million. Palm Beach Gardens, Florida-based Ram Realty Advisors was the buyer. Noah Jones and Dan Lynch of Atlantic Retail facilitated the transaction. Ram Realty additionally secured a lease with Whole Foods Market to serve as the property’s primary anchor tenant. Built in 1981 and renovated in 2014, The Shoppes at Jupiter is anchored by Cinépolis Luxury Cinemas, Palm Beach …
Valrico, Fla. — Matthews Real Estate Investment Services has negotiated the sale of Valrico Centre, a 53,644-square-foot shopping center located in the Tampa suburb of Valrico. Sprouts Farmers Market and PetSmart anchor the property, which also features health and wellness concept Orangetheory Fitness. Built in 2007 on 4.7 acres, the center was fully leased at the time of sale. An entity doing business as WEG Valrico LLC was the seller. Glen Alexander and Doug Desantis of Strategic Reality Services represented the buyer, West Cold Storage LLC, in the transaction. The sales …
Davie, Fla. — Davie Plaza Group LLC has sold Davie Plaza, a 22,517-square-foot retail strip center located in the Fort Lauderdale suburb of Davie, for $6.9 million. The property was 96 percent leased at the time of sale and features a mix of tenants including a Subway, nail salon and law office. Originally built in 1970, the retail center is situated on 2 acres, according to LoopNet Inc. Drew Kristol and Kirk Olson of Marcus & Millichap represented the seller, a local South Florida investor doing business as Davie Plaza …
SRS Real Estate Brokers $7.3 Million Sale of a Multi-Tenant Retail Property in St. Petersburg, Florida
St. Petersburg, Fla. — SRS Real Estate Partners has brokered the $7.3 million sale of a two-parcel, multi-tenant retail strip center located at 730 4th St. N. in St. Petersburg. Built in 2009, the property totals 10,802 square feet and was fully leased to a mix of tenants including Foxtail Coffee, The UPS Store, Jimmy John’s, Chipotle Mexican Grill and Verizon Wireless at the time of sale. Patrick Nutt and William Wamble of SRS Capital Markets represented the seller, a Tampa-based investment group, in the transaction. The buyer was a national …
St. Johns, Fla. — SRS Real Estate Partners has negotiated the $5.6 million sale of Beachwalk Shoppes, an 8,200-square-foot retail strip center located in St. Johns, a suburb of Jacksonville. The newly constructed retail center is part of the larger 1,200-acre mixed-use Beachwalk project currently under development. The property was fully leased at the time of sale to five tenants including Bagels R Us, Goin’ Postal, Fancy Sushi, Deca Dental and Playa Bowls. Patrick Nutt and William Wamble of SRS Capital Markets represented the seller, a national development and investment firm, …
Tampa, Fla. — Avison Young has brokered the $5 million sale of Fountain Plaza, a 25,191-square-foot multi-tenant shopping center located at 2800 N. MacDill Ave. in West Tampa. Originally built in 2006, the center sits on nearly 2 acres. Michael T. Fay, John K. Crotty, David Duckworth, Brian C. de la Fé, Nick Robinson, Nick Mastro and Philip Shapiro of Avison arranged the sale on behalf of the seller, Brusa Inc., in the transaction. Additionally, Nick Mastro and Nick Robinson will lead leasing efforts for the buyer, Landmarc Realty.
Miami Gardens, Fla. — Core Palmetto, an affiliate of Core Investment Management, has sold Palmetto Plaza, a 186,095-square-foot retail center located in Miami Gardens, roughly 16 miles north of downtown Miami. The sales price was $46 million. ALDI and Dollar Tree anchor the property, which was more than 95 percent leased at the time of sale. Other tenants include The UPS Store, Dunkin’ Donuts, Regions Bank and Bright Star Academy. Built in 1987, the center sits on nearly 12 acres. Douglas Mandel and Zach Levine of Marcus & Millichap represented …