Florida

Pine Tree Acquires 2.5 Million-Square-Foot Retail Portfolio from SITE Centers for $495 Million

by Hayden Spiess June 17, 2024

Northbrook, Ill. — Pine Tree, in partnership with a state pension fund, has purchased six open-air shopping centers from SITE Centers Corp. (NYSE: SITC) for $495 million. The portfolio comprises 2.5 million square feet and feature properties in metros including Fort Lauderdale, Florida; Columbus, Ohio; Cincinnati; Phoenix; and Portland, Oregon. The properties included in the portfolio are: The portfolio’s retail anchors include Kroger, New Seasons Market, The Fresh Market, Target, Ulta Beauty, Nordstrom Rack, Dick’s Sporting Goods and 13 stores leased by TJX Cos. Pine Tree is a retail developer and …

June 17, 2024

Development Florida Investment sales Mixed-use News

Benderson Plans 52-Acre Mixed-Use Development in Venice, Florida

by Hayden Spiess June 12, 2024

Venice, Fla. — Benderson Development has acquired a 51.5-acre parcel in Venice, Florida, with plans to develop a ground-up mixed-use project at the site. The property has been dubbed North River Marketplace during preliminary master planning. Benderson also owns the nearby retail properties Jacaranda Plaza and Cocoplum Village Shops.

June 12, 2024

Florida Investment sales News

Cushman & Wakefield Arranges Sale of 118,583-Square-Foot Shopping Center in Fort Myers, Florida

by Katie Sloan June 10, 2024

Fort Myers, Fla. — Cushman & Wakefield has arranged the sale of Market Square, a 118,583-square-foot shopping center located in Fort Myers. An affiliate of Centro Corp., a Florida-based shopping center owner and operator, purchased the property for an undisclosed price. Mark Gilbert, Adam Feinstein and Mitchell Halpern of Cushman & Wakefield represented the seller, an affiliate of Nuveen Real Estate, in the transaction. Built in 1993, Market Square was fully leased at the time of sale to tenants including DSW, Total Wine and More and American Signature Furniture. The …

June 10, 2024

Florida Investment sales News

SRS Brokers $3.1 Million Sale of McDonald’s Ground Lease in Clearwater, Florida

by Katie Sloan June 10, 2024

Clearwater, Fla. — SRS Real Estate Partners has brokered the $3.1 million ground-lease sale of a 5,447-square-foot McDonald’s restaurant in Clearwater. The restaurant was built in 2014 on a 1.4-acre site at 2871 Gulf to Bay Blvd., about 17 miles west of Tampa. Sean Lutz and Dan Elliot of SRS’ Chicago office represented the seller, a private investor based in Florida, in the transaction. The buyer, a New York-based private investor, purchased the land in a 1031 exchange at a closing cap rate of 3.87 percent, which is the lowest …

June 10, 2024

Development Florida Leasing News

Target to Open 150,000-Square-Foot Store at Lake Nona West in Orlando

by Hayden Spiess June 4, 2024

Orlando, Fla. — Target will open a 150,000-square-foot store at Lake Nona West, marking the first anchor tenant at the 405,000-square-foot shopping center project in Orlando. Situated on 54 acres near the Brightline Station and Orlando International Airport, the development is scheduled for completion in fall 2025. Tavistock Development is the developer and landlord.

June 4, 2024

Florida Investment sales Net lease News

Marcus & Millichap Arranges $6.1 Million Sale of Single-Tenant Property in Tampa, Florida

by Hayden Spiess June 4, 2024

Tampa, Fla. — Marcus & Millichap has arranged the $6.1 million sale of a single-tenant property located in Tampa. Walgreens occupies the building on a net-lease basis. Ronnie Issenberg, Gabriel Britti and Ricardo Esteves of Marcus & Millichap represented the seller, CP Thunder FS LLC, in the transaction. Evan Kristol and Felipe Echarte of Marcus & Millichap secured the buyer, JJR Apartments LLC, and Chris Marks of Marcus & Millichap arranged acquisition financing.

June 4, 2024

Arizona Florida Leasing Maryland New York News South Carolina

Sephora to Open at Five Tanger Shopping Centers This Year

by Hayden Spiess June 3, 2024

Greensboro, N.C. — Tanger has announced an expansion of its partnership with Sephora, which will bring the beauty retailer to five additional Tanger properties this year. Averaging 5,000 square feet, the stores will be located in Charleston, South Carolina; Deer Park, New York; National Harbor, Maryland; Palm Beach, Florida; and Glendale, Arizona. Sephora is currently open at Bridge Street Town Centre in Huntsville, Alabama, which Tanger acquired in late 2023.

June 3, 2024

Development Florida Leasing Mixed-use News

Four New Tenants Sign Leases at The Nora District in West Palm Beach, Florida

by Hayden Spiess May 31, 2024

West Palm Beach, Fla. — Four new retail tenants have signed leases at The Nora District, a mixed-use development currently underway in West Palm Beach. Sana Skin Studio, Mint, The Spot Barbershop and Del Mar Mediterranean Restaurant will join the lineup at the property, the first phase of which is scheduled for completion in early 2025. Other retail concepts will include Loco Taqueria & Oyster Bar, H&H Bagels, Van Leeuwen Ice Cream, The Garret Group, Juliana’s Pizza, Celis Juice Bar and Café, Rumble and [solidcore]. NDT Development, Place Projects and Wheelock …

May 31, 2024

Florida Investment sales News

SRS Brokers $5 Million Sale of Retail Property in Apollo Beach, Florida

by Hayden Spiess May 30, 2024

Apollo Beach, Fla. — SRS Real Estate Partners has brokered the $5 million sale of a newly developed retail property located in Apollo Beach. Two tenants, GoodVets and First Watch, fully occupy the building, which totals 7,000 square feet. Patrick Nutt, William Wamble and Daniel Becker of SRS represented the Florida-based seller in the transaction.

May 30, 2024

Florida Investment sales News

Marcus & Millichap Brokers $4.5 Million Sale of CVS-Occupied Property in Lakeland, Florida

by Hayden Spiess May 28, 2024

Lakeland, Fla. — Marcus & Millichap has brokered the $4.5 million sale of a single-tenant retail property located in Lakeland. CVS/pharmacy occupies the building, which comprises 12,738 square feet. Ronnie Issenberg and Ricardo Esteves of Marcus & Millichap represented the buyer, a Florida-based private investor, in the transaction.

May 28, 2024

Newer Posts

Older Posts