Florida

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St. Pete Beach, Fla. — Marcus & Millichap has arranged the $2.6 million sale of Mulligan’s Plaza, an 18,750-square-foot retail property located in St. Pete Beach.  Evan Cannan and James Medefind of Marcus & Millichap marketed the property on behalf of the seller, a private investor known as Mulligans Plaza LLC. Cannan and Medefind also represented and secured the undisclosed buyer, a private investor. According to Cannan, the property was closed at full list price and at a 5 percent cap rate.  Mulligan’s Plaza is located at 9524 Blind Pass Road, …

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Brandon, Fla. — HGreg.com, a pre-owned automotive retailer, has expanded to a 10-acre property in the Tampa Bay Area. The retailer plans to open its new regional fulfillment center and dealership in Brandon this spring. Construction costs are estimated at more than $30 million. Located at 1207 E Brandon Blvd. in Hillsborough County, the new facility will feature a 42,000-square-foot building, a showroom and an inventory of more than 1,000 pre-owned vehicles. The new property will allow HGreg.com to expand its service offering, both digital and onsite, to car buyers throughout …

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Winter Haven, Fla. — Merlin Entertainments and Hasbro have partnered to build the world’s first standalone Peppa Pig Theme Park. Situated within LEGOLAND Florida Resort in Winter Haven, the new park is expected to open in 2022. Merlin has an exclusive multi-territory licensing agreement with Hasbro, owner of the Peppa Pig brand, to build and operate the attractions, which are targeted at the preschool market. Peppa Pig Theme Park will feature multiple rides, interactive attractions, themed playscapes and water play areas with live daily shows. Ride and attraction details for the new …

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Milton, Fla. —  Branch Properties and Merganser Enterprises LLC are set to break ground on a Publix-anchored shopping center in Milton known as Merganser Commons at Dogwood Estates. The 66,921-square-foot shopping center is slated for completion in April 2022. The property will include a 46,811-square-foot Publix, two additional buildings totaling 20,110 square feet of retail space and a 1.3-acre outparcel with up to 7,500 square feet of retail space. Branch Properties and JLL’s Emily Miller are currently pre-leasing space at Merganser Commons.

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Babcock Ranch, Fla. — JLL Capital Markets has secured construction financing for the development of Crescent B Commons, an 82,640-square-foot, Publix-anchored neighborhood shopping center in Babcock Ranch, a new town situated northeast of Fort Myers. Tarik Bateh and Jennifer Swanson of JLL arranged the loan through Ameris Bank on behalf of the developer, Kitson & Partners. Construction on the center began in August 2020 and is slated for completion in summer 2021. The Publix is set to open shortly after. Crescent B Commons will be located in the front of Babcock Ranch, …

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Grove-Central

Miami — A joint venture between Terra and Grass River Property has broken ground on Grove Central in Miami’s Coconut Grove neighborhood. Located at the intersection of US-1 and SW 27th Ave., the mixed-use development will include a 23-story residential tower, 1,250-space public parking garage and approximately 170,000 square feet of retail anchored by Target. The development will connect to and facilitate privately-funded improvements to the Coconut Grove Metrorail station and integrate directly with The Underline park, Miami-Dade’s bus system and the City of Miami’s trolley network. The project is …

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Miami — Target has signed a 77,000-square-foot lease as part of Terra’s CentroCity mixed-use redevelopment located at 3825 NW 7th St. in Miami. Construction is expected to start this summer. Arquitectonica and RSP Architects are designing CentroCity. As part of the CentroCity project, Terra is redeveloping what was previously known as Central Shopping Plaza into a 38-acre mixed-use project. Plans for CentroCity include up to 1,200 residential apartments, green space for residents, an office building and a shopping center with 300,000 square feet of retail and restaurant space. CentroCity will be located …

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ALDI

Batavia, Ill. — Aldi, a discount grocer based in Essen, Germany, is continuing its nationwide expansion with 100 new stores to open this year. The grocer plans to grow its footprint in select markets in Arizona, California, Florida and the Northeast U.S. Aldi also plans to add curbside pickup service to 500 additional stores this year, bringing its total number of stores with curbside options to 1,200. Nearly all U.S. Aldi locations offer delivery services through its partnership with Instacart. Additionally, today marks the groundbreaking of Aldi’s 564,000-square-foot distribution center …

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Delray Beach, Fla. — Marcus & Millichap has arranged the sale of North Delray Commons, a 34,087-square-foot shopping center located in Delray Beach. The property is anchored by Publix and home to tenants including Lina Nails, UPS, AT&T and Jersey Mike’s Subs. Kirk Olson and Drew Kristol of the Institutional Property Advisors division of Marcus & Millichap brokered the transaction on behalf of the seller, an undisclosed institutional investor with several offices throughout the country. Benderson Development acquired the center for an undisclosed price. 

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Jacksonville, Fla. — Southeastern Grocers Inc., the Jacksonville-based parent company of grocery brands Winn-Dixie, BI-LO, Fresco y Mas and Harveys Supermarket, is moving forward with its initial public offering (IPO) that it filed in mid-October. Founded in 1924, Southeastern Grocers operates 638 grocery stores, pharmacies and liquor stores across Alabama, Florida, Georgia, Louisiana, Mississippi, North Carolina and South Carolina. According to Market Watch, the company has 36,000 employees and its expected listing date for its shares of common stock is next week under the symbol “SEGR” on the New York Stock Exchange …

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