Florida

Lakeland, Fla. — Marcus & Millichap has negotiated the $15.5 million sale of Northtowne Square, a 96,009-square-foot shopping center located in Lakeland. Built in 1988, the property was fully leased at the time of sale. Tenants at the property include Harbor Freight Tools, Fancy Fruit & Produce and Brewlands Bar & Billiards. Tarek Chbeir of Marcus & Millichap represented the seller in the transaction, and Garrett Fierstein of Marcus & Millichap Capital Corp. (MMCC) arranged $6.5 million in acquisition financing on behalf of the buyer. 

Spring Hill, Fla. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has brokered the $17 million sale of Seven Hills Plaza, an 87,286-square-foot retail center located roughly 50 miles north of Tampa in Spring Hill. Planet Fitness and Walgreens anchor the center, which was fully occupied at the time of sale. Additional tenants include Altitude Trampoline Park, AFC Urgent Care, Rehability, Okinawa Ramen Restaurant, GNC and Nails So Happy. Kirk Olson and Drew Kristol of IPA represented the seller, Continental Realty Corp., and procured the buyer, Bezrat H. …

Daytona Beach, Fla. — Colliers has brokered the $26.4 million sale of Volusia Square, a shopping center located in Daytona Beach. Tenants at the property, which was 97.2 percent leased at the time of sale, include Urban Air Adventure Park, Amped Fitness, Ollie’s Bargain Outlet and Restaurant Depot Express. The sale also included three outparcels occupied Buffalo Wild Wings, Arby’s and a multi-tenant building leased to Lenscrafters and CAVA. Brad Peterson and Whitaker Leonhardt of Colliers represented the seller, Lamar Cos., in the transaction. Mosaic Realty Partners was the buyer. 

Odessa, Fla. — SRS Real Estate Partners has brokered the $14.3 million sale of a newly built freestanding retail property in Odessa, a suburb of Tampa. Lowe’s Home Improvement occupies the 137,554-square-foot property on a 20-year absolute net ground lease. Matthew Mousavi and Patrick Luther of SRS represented the California-based buyer in the all-cash transaction. Patrick Wagor of Atlantic Capital Partners represented the seller, a privately held development firm. 

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.