Florida

Miami — Newmark has negotiated the $25 million sale of Wynwood Jungle, a 38,945-square-foot retail property located in Miami’s Wynwood Arts District. Completed in 2016, Wynwood Jungle was repositioned in 2023 with more than $1 million in capital improvements, such as upgrades to the common areas, façade enhancements, the addition of outdoor dining spaces and rooftop restaurant activation. Tenants at the center include The Salty, Sora, Sürinitea, Häagen-Dazs and 27 Club Coffee. Eric Williams, Conor Lalor, James Sharpe V and Andrei Larion of Newmark represented the seller in the transaction.

University Park, Fla. — Benderson Development has acquired three properties totaling 400,000 square feet along the west coast of Florida. The first, Granada Plaza, is a Publix-anchored retail center located in the Tampa suburb of Dunedin at the intersection of Main Street and Keene Road. The second acquisition is Venice Market Place, a shopping center located where Tamiami Trail meets Center Road in Venice. Finally, Benderson purchased a building tenanted by Lowe’s Home Improvement Center at 10070 Estero Town Commons Place in Estero. 

Pembroke Pines, Fla. — Marcus & Millichap has brokered the $8.3 million sale of West Pembroke Square, a 30,250-square-foot retail property located in Pembroke Pines, a city in South Florida’s Broward County. Built in 1987 on nearly 3.8 acres, West Pembroke Square features 19 retail suites and 180 parking spaces. Tenants include Dunkin’, a church, a convenience store and a dance studio. Matt Albregts represented the seller, an entity doing business as West Pembroke Square LLC. Jonathan De La Rosa and Eddie Toledo of Marcus & Millichap procured the buyer, Jorge …

Wesley Chapel, Fla. — SRS Real Estate Partners has brokered the $7.9 million sale of Promenade, a three-tenant retail property located in Wesley Chapel, roughly 24 miles north of downtown Tampa. Built in 2025, the 9,222-square-foot property was fully leased at the time of sale to Heartland Dental, GoodVets and Ann’s Salon & Spa. William Wamble, Patrick Nutt and Connor Barton of SRS represented the seller, a Florida-based developer and investor. The all-cash buyer was a Florida-based investor.