Florida

Mount Dora, Fla. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has brokered the $12.4 million sale of Tri-Cities Shopping Plaza, a 71,172-square-foot shopping center located in Mount Dora, roughly 30 miles northwest of downtown Orlando. Kirk Olson and Drew Kristol of IPA represented the seller, Davie, Florida-based Ross Realty Investments, and procured the buyer, a Florida-based investor. T.J. Maxx, Ross Dress for Less and Dollar Tree anchor Tri-Cities Shopping Plaza, which was fully leased at the time of sale. Additional tenants include VIPcare Mount Dora, Victoria’s …

Summerfield, Fla. — Colliers has brokered the $13.5 million sale of Spruce Creek Shoppes, a 42,203-square-foot shopping center located at 17860 S.E. 109th Ave. in Summerfield. The retail center sits within the trade area of The Villages, a master-planned community in Central Florida often cited as the No. 1 retirement destination in America. Tommy Isola, Harry Blyden and Billy Weiser of Colliers represented the seller, an entity doing business as Spruce Creek Holdings, in the transaction. About 80 percent of Spruce Creek Shoppes’ tenancy are restaurant, medical and service-oriented retailers, …

Apopka, Fla. — SRS Real Estate Partners has arranged the $5.3 million sale of the Shoppes at Hunt Club, an 8,211-square-foot retail property located in Apopka, approximately 12 miles northwest of Orlando. William Wamble and Patrick Nutt represented the seller, a Florida-based national investor and developer, in the transaction. The 1031 exchange buyer was a Florida-based private investor. Built in 2006 on nearly 1.5 acres, the Shoppes at Hunt Club was fully leased at the time of sale to tenants including Firehouse Subs, Smoothie King, Spectrum and MUV Dispensary.

West Palm Beach, Fla. — Marcus & Millichap has brokered the $3.5 million sale of an 8,450-square-foot retail property located in West Palm Beach. City Furniture purchased the property, which is adjacent to their existing West Palm Beach store, with plans to expand its footprint and redevelop the site. Built in 1979, the single-tenant retail property sits on less than one acre along Palm Beach Lakes Boulevard. The building was vacant at the time of sale and was previously occupied by Bedding Barn.  Nicholas McAndrew of Marcus & Millichap represented the seller, a private trust, and …

Hollywood, Fla. — Marcus & Millichap has brokered the $4.1 million sale of a 2,800-square-foot retail property located along the Hollywood Beach boardwalk in South Florida’s Broward County. Drew Kristol and Kirk Olson of Marcus & Millichap’s Miami office marketed the property on behalf of the seller, a private South Florida-based investment group. The two-tenant retail property is fully leased to Fat Tuesday and Hollywood Beach Trikke, which has operated at the site since 2009.

Miami — Miami-based Gazit Horizons has acquired Sunset West Shopping Center, a 73,072-square-foot neighborhood shopping center located at the intersection of Sunset Drive and SW. 87th Avenue in Miami. The seller and sales price were not disclosed. Situated roughly two miles from Baptist Hospital of Miami, the fully leased center is home to a mix of tenants including Chicken Kitchen, Ole’s Jewelry Avenue, Subway, Chase Bank, The UPS Store, Integrum Medical Group, Arturito’s Pharmacy, Sunset Animal Clinic, Salvatore D. Fine Italian Cuisine, Moderna Smile and Sunset Bakery. A new Aldi grocery …

Vero Beach, Fla. — Marcus & Millichap has arranged the $6.2 million sale of Vero Beach Square, an 11,480-square-foot retail strip center located at 5125 20th St. in Vero Beach. Built in 2019, the fully leased retail property houses a mix of tenants including Dunkin’, Jersey Mike’s, Tropical Smoothie Café and Corporate Elite Hearing Centers of America. Drew Kristol and Kirk Olson of Marcus & Millichap’s Miami office marketed the property on behalf of the seller, Davie, Florida-based Ross Realty, and procured the buyer, a private investment group based in …

Leesburg, Fla. — SRS Real Estate Partners has negotiated the $3.5 million ground lease sale of a restaurant property located at 9925 US-441 in Leesburg, about 45 miles northwest of Orlando. Chick-fil-A occupies the 4,935-square-foot building, which was built in 2024, on a corporate-guaranteed, triple-net ground lease with 13 years remaining on the initial term. Patrick Nutt and William Wamble of SRS represented the seller, a national investor and developer, in the transaction. The 1031 exchange buyer was a Brooklyn, New York-based private investor.