Florida

Town and Country Plaza
FinanceFloridaNews

JLL Secures $26.6 Million Refinancing for Town and Country Plaza in Miami

by Julia Sanders

Miami — JLL has secured a $26.6 million refinancing for Town and Country Plaza, a 94,815-square-foot, fully-occupied shopping center in an infill location in Miami. Chris Drew, Brian Gaswirth and Reid Carleton of JLL secured the 11-year, full-term interest-only loan through The Guardian Life Insurance Co. of America on behalf of the borrower, MMG Equity Partners. Town and Country Plaza is anchored by Sedano’s Supermarket and home to tenants including Sherwin-Williams, Navarro Discount Pharmacy, Goodwill, Express Auto Care and Discount Auto Parts.

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Miami Worldcenter
DevelopmentFloridaNews

CIM Group, Miami Worldcenter Associates Break Ground on 78,000-Square-Foot Jewel Box Retail Building

by Julia Sanders

Miami — CIM Group and Miami Worldcenter Associates have broken ground on the 78,000-square-foot “Jewel Box” building, one of the last retail components within the $4 billion Miami Worldcenter project. Slated for completion in the second quarter of 2022, the Jewel Box building will feature two levels of retail space. The property will also include a rooftop overlooking the development’s World Square, a 20,000-square-foot public plaza and park. Located at 150 NE Eighth Street, the retail development is situated directly west of the upcoming citizenM boutique hotel and north of …

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FloridaLeasingNews

MAB American Signs Publix to 48,387-Square-Foot Lease in Wynnehaven Beach, Florida

by Julia Sanders

Wynnehaven Beach, Fla. — MAB American Management LLC has signed Publix to a lease to anchor Wynnehaven Plaza, the company’s newest shopping center development located at the northwest corner of US Highway 98 and Rosewood Drive in Wynnehaven Beach. Wynnehaven Plaza will feature a 48,387-square-foot Publix store along with a 2,100-square-foot Publix Liquor store on 10 acres of land. In addition to Publix, MAB is now preleasing business storefronts in the eight-unit inline building adjacent to Publix, as well as a two-unit freestanding pad site. MAB recently broke ground on …

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Imperial Plaza
FloridaInvestment salesNews

Matthews Arranges $12.4 Million Sale of Imperial Plaza Shopping Center in Auburndale, Florida

by Julia Sanders

Auburndale, Fla. — Matthews Real Estate Investment Services has arranged the sale of Imperial Plaza, a Winn-Dixie-anchored, 129,807-square-foot shopping center located at 303-413 Havendale Blvd. in Auburndale. Jonah Yulish and Ben Snyder of Matthews Real Estate represented the undisclosed buyer, which purchased the property for $12.4 million. Palomar Group represented the seller, Core Imperial Plaza, in the transaction. For 44 years, Imperial Plaza has been anchored by Winn-Dixie, and the retailer completed a $1 million interior renovation in 2020. About 97 percent occupied, Imperial Plaza is co-anchored by Harbor Freight, …

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FloridaInvestment salesNews

TSCG Arranges $11.5 Million Sale of Publix-Anchored Center in Deltona, Florida

by Julia Sanders

Deltona, Fla. — TSCG has arranged the $11.5 million sale of Deltona Commons, a Publix-anchored retail center situated at the intersection of Courtland Boulevard and Fort Smith Boulevard in Deltona. Completed in 2007, Deltona Commons totals 48,663 square feet and was 100 percent leased at the time of sale. Publix occupies over 80 percent of the gross leasable area in the center. Anthony Blanco and Mallory Silva of TSCG represented the seller, an affiliate of Global Fund Investments, in the disposition of the property to an affiliate of the Miller …

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Earth Fare
FloridaLeasingNews

Earth Fare to Open at Shoppes of St. Johns Parkway in Suburban Jacksonville

by Julia Sanders

St. Johns, Fla. — Earth Fare is set to open a 24,000-square-foot store within the Shoppes of St. Johns Parkway in the Jacksonville suburb of St. Johns. The company previously occupied a space at the center, which closed following Earth Fare’s bankruptcy declaration at the beginning of 2020. Sleiman Enterprises — developer and owner of the center — helped arrange the reopening. The Shoppes of St. Johns Parkway also includes retailers such as Ember and Iron, Canopy Road Café, Xtreme Wings, Massage Envy, RaceTrac and Engel & Volkers.

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BJs and Walgreens
FloridaInvestment salesNews

JLL Arranges Sale of Two Single-Tenant Retail Properties in Jacksonville, Florida

by Julia Sanders

Jacksonville, Fla. — JLL Capital Markets has arranged the sale of two single-tenant properties leased to BJ’s Wholesale Club and Walgreens totaling 123,567 square feet. The buildings are located within the Atlantic-Kernan Shops shopping center in Jacksonville. Michael Brewster, Brad Peterson and Whitaker Leonhardt of JLL represented the seller, Sleiman Enterprises. The buyer and the sales price were not disclosed.

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Sunrise West
FloridaInvestment salesNews

Cushman & Wakefield Arranges Sale of Publix-Anchored Neighborhood Center

by Julia Sanders

Sunrise, Fla. — Cushman & Wakefield has arranged the sale of Sunrise West Shopping Center, a 76,411-square-foot, Publix-anchored neighborhood center located in Sunrise. Adam Feinstein and Mitchell Halpern of Cushman & Wakefield represented the seller, Principal Real Estate Investors, in the transaction. Global Fund Investments acquired the property for an undisclosed price. Located at 9010-9370 W. Commercial Blvd., the property is 93 percent leased to tenants including Carvel Ice Cream, Club Pilates, Pacific Dental, Rio Body Wax and Supercuts.

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Company newsFloridaNewsOhio

Wendy’s and REEF to Develop 700 Delivery Kitchens by 2025

by Julia Sanders

Dublin, Ohio and Miami — The Wendy’s Co. and REEF have formed a new development commitment to open and operate 700 delivery kitchens over the next five years across the U.S., Canada and the United Kingdom. Through this commitment, REEF will become the first Wendy’s franchisee in the United Kingdom. Wendy’s and REEF expect to open approximately 50 delivery kitchens in 2021, with the remainder launched by 2025.

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CocoWalk
FloridaLeasingNews

Five New Retailers to Join Tenant Lineup at CocoWalk Shopping Center in Miami

by Julia Sanders

Miami — Federal Realty Investment Trust, The Comras Co. and Grass River Property have signed five new retailers to join the tenant lineup at CocoWalk, a mixed-use shopping center in the Coconut Grove neighborhood of Miami. CocoWalk’s newest retailers include GlossLab, a membership-based nail studio based in New York that is set to open in summer 2022; Antidote Wellness Labs, a boutique fitness studio; Gas Bijoux, a jewelry brand based in Saint-Tropez; Skin Lab by Barba Skin Clinic; and 3D Brow Studio, which is a salon concept specializing in eyebrows. …

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