Miami Beach, Fla. — Northmarq has arranged the sale of a 22,857-square-foot property located at 509 Collins Ave. in Miami Beach. Jason Maier of Northmarq represented the buyer, a New York-based private investor, in the $35.3 million transaction. The single-tenant property, which was sold by an undisclosed New York-based individual, is leased to Walgreens on a triple-net basis.
Crestview, Fla. — Cleeman Realty Group has arranged the sale of Northcrest Shopping Center, a 55,152-square-foot retail center located in Crestview. Michael Cleeman of Cleeman represented the seller in the $7 million transaction. Located at 1355 N. Ferdon Blvd., the property is anchored by a Publix Supermarket.
Melbourne, Fla. — A joint venture between CrossMarc Services LLC and MCB Real Estate — in partnership with Peaceable Street Capital — has purchased Post Commons, a 202,050-square-foot shopping center located in Melbourne. The property was 96 percent leased at the time of sale to tenants including Publix, which occupies 44,270 square feet; Beall’s; Pet Supermarket; Burlington; and Five Below. Marcus & Millichap represented the undisclosed seller in the transaction. Flavia Kanyago of CrossMarc will handle leasing at the center.
Orlando, Fla. — Albany Road Real Estate Partners has purchased Lake Point Commerce Center, a 134,000-square-foot retail center in Orlando. Located near the Orlando International Airport, the property comprises six buildings and sits within Lee Vista Center, a mixed-use development. Lake Point was 98 percent leased at the time of sale to 19 tenants, including Flying Food Group. Patterson Real Estate Advisory Group secured financing on behalf of the buyer through Trustmark National Bank.
Pensacola, Fla. — JLL has arranged the sale of Pensacola Square, a 142,767-square-foot shopping center located in Pensacola. Brad Peterson and Whitaker Leonhardt of JLL represented the seller, an affiliate of RCG Ventures LLC. Pensacola Square, which was 95 percent leased at the time of sale, is anchored by Big Lots and shadow-anchored by Hobby Lobby. Tenants at the property include American Freight Outlet, Beall’s Outlet and Petland. A private Florida-based family office acquired the shopping center for an undisclosed price.
Palmetto, Fla. — Primerica Developments Inc. has announced the addition of six new tenants to Gateway Commons, a shopping center located in Palmetto, off of Tampa Bay. New tenants include Pure Barre, Mid Florida Insurance Group and The Blend Coffee & Cocktails, as well as three as yet unnamed tenants including a fast-food restaurant, a wireless provider and a medical group. Existing tenants at the shopping center include Publix Super Market, Jet’s Pizza, Hornback Chiropractic & Wellness, Nail Boutique and Spa, Yummy Tokyo Asian Fusion Bistro and Dental Care at …
Port Richey, Fla. — Marcus & Millichap has brokered the $7.7 million sale of Harmony Plaza, an 82,820-square-foot shopping center located in Port Richey. James Medefind, Jim Shiebler, James Garner and Jonathan Gerszberg of Marcus & Millichap represented the seller, a California-based private investor, in the transaction. A private investor purchased the property. Built in 1973 and located on a six-acre site, Harmony Plaza was 87 percent leased at the time of sale to tenants including Big Lots.
Bradenton, Fla. — SRS Real Estate Partners’ National Net Lease Group has negotiated the $3.2 million ground-lease sale of a single-tenant retail property in Bradenton occupied by Fifth Third Bank. Built in 2007 and situated on approximately 1.1 acres, the 3,500-square-foot property is located at 6550 Cortez Road W. Patrick Nutt and William Wamble of SRS represented the seller, a California-based private investor, in the transaction. The buyer was Massachusetts-based Dorchester Avenue Holding LLC. Fifth Third Bank has more than 13 years remaining on its corporate-guaranteed lease, according to SRS.
Pinellas Park, Fla. — JLL has brokered the $85 million sale of Shoppes at Park Place, a 361,250-square-foot shopping center located at 7200 U.S. Highway 19 N in the Tampa Bay suburb of Pinellas Park. Brad Peterson, Tom Hall, Whitaker Leonhardt and Michael Brewster of JLL represented the unnamed seller in the transaction. CBRE represented the buyer, Belleair Development, which funded the acquisition with a $51 million loan. Built in 2006, Shoppes at Park Place was 97.4 percent leased at the time of sale to tenants including Regal Cinemas, Academy …
Altamonte Springs, Fla. — Coro Realty Advisors has sold Wekiva Square, a 175,175-square-foot shopping center located in Altamonte Springs, a suburb of Orlando. V3 Capital Group purchased the property for $23.5 million. Brad Peterson, Whitaker Leonhardt and Tommy Isola of JLL represented Coro Realty in the transaction. Built in 1981 and most recently renovated this year, Wekiva Square was 99 percent leased at the time of sale to tenants including HomeGoods, Dollar Tree, Fancy Fruit and San Jose Mexican Restaurant. The center also includes a Kohl’s store that has a …
