Florida

Delray Beach, Fla. — PEBB Enterprises has acquired Delray Commons, a 71,000-square-foot shopping center located at 5024-5070 W. Atlantic Ave. in Delray Beach. Boca Raton, Fla.-based PEBB formed a joint venture dubbed KP Delray LLC with the center’s current owner, Cincinnati-based Topvalco Inc., for the acquisition. The sales price was $10.5 million. Built in 1981, Delray Commons has 65,940 square feet of inline retail space, a 3,036-square-foot Burger King outparcel and an approximately 2,000-square-foot Taco Bell outparcel. Sprouts Farmers Market has committed to anchor the center with a 23,256-square-foot store. …

Miami — Black Lion Investment Group has acquired a waterfront restaurant building in Miami occupied by Amara at Paraiso from Related Group for $12.1 million. Fabio Faerman and Sebastian Faerman of Miami-based FA Commercial represented both parties in the transaction. The 12,300-square-foot building is part of a larger project that includes the residential complex Paraiso Bay, which contains 1,300 residential units. James Beard Award-winning chef Michael Schwartz is at the helm of the popular indoor-outdoor restaurant.

Jacksonville, Fla. — NAI Hallmark has brokered the sale of a 14,290-square-foot shopping center located at 11645 Beach Boulevard in Jacksonville. Austin Kay and Eric Yi represented the seller, Mark’s Investment Properties LLC, in the off-market transaction. The buyer, Mr. Implant LLC, was represented by Jason Price with Crown Tenant Advisors out of Roswell, Georgia. The property was sold for $1.5 million. The shopping center includes two buildings and is located at the intersection of Beach and Beachwood Boulevards, less than a mile east of the Interstate 295 East Beltway.

Miami Beach, Fla. — ALTO Real Estate Funds has purchased a 7,142-square-foot retail property located in Miami Beach for $18.9 million. The property is situated along Lincoln Road, Miami Beach’s high street retail corridor. The seller was Gombinski Properties, who bought the property in 1985. Ran Ziv and Sean Shahar Ziv of GLT Group Brokerage represented the seller and the buyer. The property comprises two suites located at 900 and 904 Lincoln Road, at the corner of Jefferson Avenue. The corner building underwent a complete renovation in 2016 and now …

Ocala, Fla. — CBRE has arranged the sale of Heather Island Plaza, a 70,970-square-foot, Publix-anchored shopping center in Ocala. Built in 2000, the property is located at 7878 SE Maricamp Road and was 85 percent leased at the time of sale. CBRE represented the seller, a joint venture between Madison International Realty and SITE Centers Corp., in the transaction. The buyer, New Bandera Ventures, acquired the center for an undisclosed price.

New Port Richey, Fla. — Plaza Advisors has arranged the sale of the Shoppes at Golden Acres, a 130,707-square-foot retail plaza located on Little Road and Fox Hollow Road in New Port Richey. Tenants at the center include Publix, Rent-A-Center, Edward Jones and Amscot. Jim Michalak and Keith Nurre of Plaza Advisors represented the seller, a joint venture between SITE Centers Corp. and Madison International Realty. The buyer and terms of the transaction were undisclosed.