Doral, Fla. — Marcus & Millichap has arranged the $9.7 million sale of Doral Shops & Professional Center located in Doral, approximately 13 miles west of downtown Miami. The property spans 15,314 square feet and features nine tenants operating on a triple-net lease basis, including South Dental Doral, Doral Physical Therapy, Uni K Wax and La Coriana. Scott Sandelin and Edward Romo of Marcus & Millichap represented the undisclosed seller and procured the buyer in the transaction.
Gibsonton, Fla. — Marcus & Millichap has brokered the $6.1 million sale of Kings Lake Center, a retail strip center located in Gibsonton, roughly 10 miles outside Tampa. The 15,000-square-foot property was fully leased at the time of sale. Eric Abbott and Zach Taylor of Marcus & Millichap represented the seller, Blissett Hayes Big Bend LLC, in the transaction. Marcus & Millichap also procured the 1031-exchange buyer, Pacific West Land LLC. Ryan Nee is the firm’s broker of record in Florida.
Miami — Major League Baseball’s Miami Marlins have formed a partnership with The Cordish Companies to develop Miami Live! at loanDepot Park, the home ballpark of the Marlins. The entertainment destination in the city’s Little Havana neighborhood will feature indoor-outdoor dining and entertainment spaces aimed at elevating the fan experience, including year-round space activations. The official opening of Miami Live! is anticipated for early 2026. LoanDepot Park opened in 2012 and hosts events such as the World Baseball Classic, Caribbean Series and Choque de Gigantes in addition to Marlins home …
Jacksonville, Fla. — Kimco Realty has acquired The Markets at Town Center, a 254,000-square-foot shopping mall located in Jacksonville, for $108 million. Sprouts Farmers Market anchors the property, which was built in 2008. Other tenants at the center, which was 97 percent leased at the time of sale, include Ulta Beauty, Cooper’s Hawk Winery & Restaurant, Five Below, REI, J. Crew, Ballard Designs, Nordstrom Rack, DXL Big & Tall, Gen Korean BBQ House and Chipotle Mexican Grill. Kimco acquired the property through its Structured Investment Program, which provides mezzanine financing …
Winter Haven, Fla. — Atlantic Capital Partners (ACP) has arranged the $8.2 million sale of Winter Haven Citi Centre in Winter Haven, roughly 47 miles southwest of Orlando. Belk and Staples anchor the shopping center, which comprises 185,705 square feet situated on 16.2 acres. The property was 51 percent leased at the time of sale. Fred Victor, Justin Smith, Sam Koonce, Chris Peterson, Teddy Driscoll, Greg Godino, Ross Waters and Matt Austin of ACP represented the undisclosed seller in the transaction. BSD Capital was the buyer.
Venice, Fla. — Floor & Décor Holdings Inc. (FND) has opened a new warehouse store in Venice, marking its 33rd property in the state. The store spans 78,000 square feet. FND operates more than 240 warehouse-format stores and five design studios — which offer assortments of hard-surface flooring, decorative accessories, wall tile and installation materials — across 38 states.
Largo, Fla. — Plaza Advisors has brokered the sale of Central Park Plaza, a 47,653-square-foot shopping center located in Largo, roughly 23 miles northeast of Tampa. Tenants at the property, which was 95 percent leased at the time of sale, include NAPA Auto Parts, Rent-A-Center, Boost Mobile and AMA Medical Group. An affiliate of Fortune Commercial Management doing business as Central Park Largo LLC purchased the property for $5.6 million, with SouthState Bank providing a $3.7 million acquisition loan. Jeff Berkezchuk and Jim Michalak of Plaza Advisors represented the undisclosed …
Manalapan, Fla. —An affiliate of GardenCommercial doing business as Manalapan Plaza Del Mar LLC has acquired Plaza Del Mar, an 83,841-square-foot retail center located in Manalapan, roughly 50 miles north of Miami. According to the Palm Beach Daily News, the purchase price was $37 million. Publix anchors the property, which is situated on roughly 10.3 acres. Other tenants at the center include John G’s, Thaikyo Asian Cuisine, Art Basil Restaurant, The Ice Cream Club, Chico’s, Evelyn & Arthur and J. McLaughlin. Addicted Chic is also scheduled to open at the …
Miami — Development firm Terra has received a total of $291 million in permanent financing for the recently completed first phase of Centro City, a 38-acre mixed-use development located just west of Miami’s Little Havana neighborhood. Phase I comprises 350,000 square feet of retail space, as well as three eight-story multifamily buildings that house 470 market-rate apartment units. JVP Management issued a $187 million loan for the development’s multifamily component, with Hudson Bay Capital issuing a $104 million loan for the retail portion. The funds will be used to pay off …
West Palm Beach, Fla. — Three new tenants have signed leases at The Nora District, a mixed-use project currently underway in West Palm Beach. IGK Salon, Indaco and ZenHippo will occupy 2,347; 2,945; and 1,369 square feet at the property, respectively. The first phase of Nora District — which is being developed by a partnership between NDT Development, Place Projects and Wheelock Street Capital — is scheduled for completion in early 2025. Upon completion, Phase 1 will feature 150,000 square feet of retail, office and hospitality space. Other retail tenants at …
