Orlando, Fla. —Primark has signed a lease at The Florida Mall in Orlando with plans to open a 36,000-square-foot store at the property. Spanning two stories, the store will feature an entire floor dedicated to Disney merchandise. Scheduled for the end of August, the opening will bring the retailer’s U.S. portfolio to 26 locations. Primark currently operates one store in the state at Sawgrass Mills in Sunrise. “Florida is a pillar of our expansion into the Southern U.S. market,” says Kevin Tulip, president of Primark U.S. Simon Property Group owns The …
The Woodlands, Texas — Conn’s HomePlus, a Texas-based home furnishing retailer, has filed for Chapter 11 bankruptcy and will close at least 70 stores nationwide, according to reports from multiple media outlets including CNN and USA Today. The latter publication reports that Conn’s filed for bankruptcy protection this past Tuesday in the U.S. Bankruptcy Court for the Southern District of Texas amid slumping revenue reports. The impacted stores are located throughout 13 states, according to CNN. Both news organizations report that the state with the highest concentration of closures is Florida (18), followed by Texas …
Doral, Fla. — SJC Ventures and Nuveen Real Estate have acquired a 10-acre parcel in Doral, roughly 17 miles outside Miami, with plans to develop a mixed-use center at the site. Upon completion, the center will comprise 88,938 square feet. Whole Foods Market will anchor the property, which has been named Doral Marketplace. Other tenants at the center will include Shake Shack, First Watch, GoodVets, The Spot Barbershop, Encore Nails, VIO MedSpa and Apizza Brooklyn Resto + Vino. Doral Marketplace will be situated adjacent to Bridge Point Doral, an industrial park …
Ocala, Fla. — SRS Real Estate Partners has brokered the $3.5 million sale of a newly delivered single-tenant property located in Ocala, a city in Central Florida. Chipotle Mexican Grill occupies the building, which totals 2,490 square feet, on a 15-year, triple-net lease. The property is situated on a one-acre lot near an Aldi, Walmart Supercenter, Lowe’s Home Improvement and Ross Dress for Less. Patrick Nutt and William Wamble of SRS represented the undisclosed seller in the transaction. A Spain-based buyer acquired the property.
Naples, Fla. — WMG Development has broken ground on The Shoppes at Orange Blossom, a new retail center in Naples. Publix will anchor the property, which will total more than 60,000 square feet. Other tenants at the center will include Great Clips and Le Nail Salon. Scheduled for completion in late summer 2025, the project is situated at the entrance to Big Corkscrew Island Regional Park, a 150-acre outdoor park and entertainment destination, and adjacent to apartment community Emblem at Orange Blossom.
Port St. Lucie, Fla. — SRS Real Estate Partners has arranged the $10.3 million sale of Tradition Retail Center, a 28,820-square-foot shopping center located in Port St. Lucie in southeast Florida. The multi-tenant property is situated within Tradition, an 800-acre master-planned community. Built in 2020, the center was fully leased to 10 tenants at the time of sale, including Faith Animal Hospital, Farmers Insurance, Scott’s Golf Carts and the Little Gym. Patrick Nutt, William Wamble and Daniel Becker of SRS represented the seller in the transaction.
Indialantic, Fla. — Matthews Real Estate Investment Services has brokered the $6.8 million sale of The Shoppes at Paradise Beach, a retail center located in the beachside town of Indialantic. Originally built in 1981 and renovated in 2005, the property totals 29,650 square feet. The Shoppes at Paradise Beach was fully leased to 12 tenants at the time of sale, including a nail salon, local restaurants, a sporting goods store and a florist. A Miami-based private investor acquired the property from the original developer. Brandon Senia and Robert Goldberg of Matthews …
Davenport, Fla. — SRS Real Estate Partners has brokered the $9.1 million sale of a newly built gas station and convenience store located in Davenport, roughly 30 miles southwest of Orlando. 7-Eleven occupies the property on a 15-year triple-net lease, with scheduled rent increases and multiple extension options. The property is situated on a 1.4-acre site at the entrance of Champions Station, a 14-acre mixed-use development. Patrick Nutt and William Wamble of SRS represented the seller, a Florida-based development firm, in the transaction. A Michigan-based private investor was the buyer.
Naples, Fla. — Benderson Development has acquired Carillon Place, a 250,000-square-foot retail center located in Naples. Tenants at the property, which was 92 percent leased at the time of sale, include T.J. Maxx, DSW and Walmart. Other recent acquisitions in the state for Benderson include North River Marketplace, Glengary Shoppes and Linton Commons.
West Palm Beach, Fla. — JLL Capital Markets has arranged $84.2 million in senior construction financing for the first phase of the Nora District, a mixed-use redevelopment project in West Palm Beach. Bank OZK provided the financing to the borrower, a joint venture between NDT Development, Place Projects, Wheelock Street Capital and BD Hotels. Upon completion, the first phase will feature 150,000 square feet of retail, restaurant and creative office space. Retail tenants at the development will include Van Leeuwen Ice Cream, H&H Bagels, Juliana’s Pizza, Loco Taqueria and Oyster Bar …