Investment sales

Fort Walton Beach, Fla. — Stan Johnson Co. has arranged the $8.4 million sale of Beal Commons, a 15,982-square-foot retail center located at 575 Beal Parkway NW in Fort Walton Beach. Chase Dominguez of Stan Johnson represented the seller, an undisclosed local developer, in the disposition of the property to an individual investor based in Arizona. Both parties were involved in 1031 exchanges. The center was built in 2006 and renovated in 2019. Tenants at the time of sale included Starbucks Coffee, FedEx Office, Verizon and Ruby Tuesday.

Homestead, Fla. — SRS Real Estate Partners’ National Net Lease Group has brokered the $23.8 million sale of three ground-leased, single-tenant retail properties located in the Miami suburb of Homestead. The properties are under construction and have been pre-leased by Target, Raising Cane’s and Murphy Oil. Target will open in late 2022, Raising Cane’s will open this month and Murphy Oil will open in the fall. Patrick Nutt and William Wamble of SRS represented the seller, an entity doing business as Homestead Pavilion LLC, in the transaction. The buyer was an …

Lakeland, Fla. — Avanti Way Realty has brokered the $7.1 million sale of Shoppes at Lakeland Square Mall, a 44,375-square-foot retail center located roughly 36 miles northeast of Tampa in Lakeland. Ollie’s Bargain Outlet anchors the property, which was fully occupied at the time of sale by tenants including All about Puppies, My Salon Suite, Regal Nails Salon & Spa and VidaCann. The center consists of two buildings occupying 4.5 acres at 4000 U.S. Hwy 98. Maria Gueits of Avanti Way Realty represented the buyer, Carrera Family Investments, in the 1031 exchange …

Miami — Rockpoint and Ivanhoe Cambridge have sold Mary Brickell Village, a Publix-anchored mixed-use property in Miami’s Brickell district. RPT Realty purchased the 200,503-square-foot development for $216 million. Danny Finkle, Chris Angelone, Matthew Lawton, Eric Williams and Kim Flores of JLL represented the sellers in the transaction. Situated on 5.2 acres at 901 S. Miami Ave., Mary Brickell Village’s tenant roster includes Miami’s only LA Fitness Signature Club, as well as Moxie’s, North Italia, P.F. Chang’s, Shake Shack, Blue Martini, Starbucks Coffee, Massage Envy, Candela Gastro Bar and EWM Realty. The mixed-use …