Middleburg, Fla. — Paradigm Partners has signed or opened eight new tenants to Clay Town Center, a newly constructed, 18,500-square-foot mixed-use retail and restaurant development in Middleburg, roughly 30 miles southwest of Jacksonville. Mattress Warehouse, MedPlus Pharmacy, Domino’s Pizza and Wingstop opened earlier this year, while Anejo Cocina Mexicana and Verde Vida Healthy Kitchen debuted at the center this month. Additionally, Sizzling Nails is expected to open in January and Firehouse Subs is anticipated to launch in April. Clay Town Center is expected to create more than 100 local jobs …
Miami Beach, Fla. — Comras Co. has unveiled plans to develop a new micro-district to complement the north end of Lincoln Road, the retail high street of Miami Beach. Dubbed NoLi, the project will include 150,000 square feet of boutique retail, dining, wellness and lifestyle concepts, as well as 1,700 square feet of street frontage. Comras Co. recently purchased five properties along Lincoln Road and North Lincoln Lane for the development of NoLi, in which Acore Capital provided a $117 million loan for the acquisition. NoLi will reuse the existing buildings …
New Smyrna Beach, Fla. — GBT Realty Corp. has unveiled plans to develop Shops at New Smyrna, a 55,273-square-foot, grocery-anchored neighborhood shopping center located in New Smyrna Beach. Construction of the project is scheduled to begin in summer 2026, with completion set for summer 2027. A 23,273-square-foot Sprouts will anchor the development, which will also feature an additional 35,000 square feet of junior anchor and inline retail space across two buildings, as well as two one-acre outparcels. The tenant roster is expected to include fitness, restaurant and soft goods services, among …
Conshohocken, Pa. — Conshohocken, Pennsylvania-based CenterSquare has acquired six retail properties totaling 45,996 square feet across three states. The properties are located in Fayetteville and Salisbury in North Carolina; Vero Beach, Fort Myers and Fort Lauderdale in Florida; and Noblesville, Illinois. All but one of the properties are anchored by a Starbucks Coffee drive-thru location. The portfolio is currently 84 percent occupied.
Key Biscayne, Fla. — Ocean Bank has provided $16 million for the refinancing of Food Fair Shopping Center, a 23,793-square-foot retail center located off the coast of Miami on Key Biscayne Island. Originally built in 1965 on 1.7 acres, the property is anchored by CVS Pharmacy. Other tenants include Sir Pizza and a dry cleaner. T. George Harduvel of Ocean Bank arranged the loan.
Boca Raton, Fla. — EDENS has begun the overhaul of Shadowood Square, a shopping center located in Boca Raton. The development firm is demolishing a portion of the center, now rebranded as Shadowood, that once housed a movie theater to make way for five new retail buildings totaling 49,330 square feet. The new buildings will be connected by a 25-foot-wide promenade and public green space. Additionally, three existing retail buildings totaling 60,557 square feet will be fully renovated and placemaking elements including brightened facades, signage and wayfinding, paseos, public art and …
Orlando, Fla. — JLL Capital Markets has arranged $17.5 million in financing for the acquisition of International Shoppes, a 73,568-square-foot open-air shopping center located in Orlando near Walt Disney World Resort. The property is currently 82 percent leased to tenants including Boot Barn and Subway. Joshua Odessky, Michael DiCosimo and Aaliyah St. Louis of JLL’s Debt Advisory team secured financing through Ameris Bank on behalf of the borrower, The Cornfeld Group.
Altamonte Springs, Fla. — Franklin Street has negotiated the sale of Shoppes at Brantley Hall, a 34,460-square-foot unanchored retail center located in Altamonte Springs, roughly 16 miles outside Orlando. Built in 1989, Shoppes at Brantley Hall was 97 percent leased at the time of sale to tenants including Pet Supplies Plus, Orlando Health, Edward Jones and Fiesta Azul Tequila House. Last Mile Investments plans to make upgrades and continue operating the center while “maintaining the asset’s strong tenant mix and stable performance.” Last Mile Investments purchased the property from an entity doing business as …
North Port, Fla. — Marcus & Millichap has arranged the $10.8 million sale of North Port Village, a 66,083-square-foot neighborhood retail center located in North Port. Planet Fitness anchors the property, which was fully leased at the time of sale. Additional tenants include Humana, NAPA Auto Parts and Do The Beach adventure park. North Port Village was originally built in 1989 on nearly 11 acres. Clayton Brown, Luke Holsinger and Ruthanne Loar of Marcus & Millichap’s Seattle office procured the buyer, a Seattle-based private investor. Drew Kristol and Kirk Olson, …
Miami — The City of Miami’s Urban Development Review Board has officially approved the master plan for Midtown Park, a $2 billion mixed-use development. A joint venture between Rosso Development, Midtown Development and Proper Hospitality is developing the project, a construction timeline for which has not yet been announced. Plans for the two-phase, 1.2 million-square-foot project currently call for 924 residential units, 60,000 square feet of office space and more than 120,000 square feet of retail and restaurant space. Additionally, the development will feature two public plazas, a network of pedestrian-oriented …
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